The Bank of England was the first major central bank to start raising interest rates. Money markets are betting it may be the last to stop.
Strong labor-market figures on Tuesday sparked big moves in bond markets, with two-year gilt yields jumping to the highest since 2008. They surged 26 basis points, the most since Liz Truss’s short-lived premiership.
Read More : BOE Takes Lead in Interest Rate Hikes, But Trails Behind in Completion