Markets gripped by tension

Gilts dive and sterling remains on the back foot as hung parliament becomes reality

Gilts have taken a nosedive in trading mid-morning, after a quiet start to the day, with yields on 10-year Government bonds hitting close to 4%, as markets wake up to the prospect of a hung parliament and an extended period of political uncertainty.

After a quiet first few hours for gilts trading, volumes took off at around 1000 GMT, according to market participants, with gilts taking a nosedive and sterling crumbling under pressure.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

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