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10.10.26 - 09:30
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UK savings: 5% interest rate deals may not last, say experts (The Guardian)
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Competition is hotting up, with National Savings & Investments lifting rates to the highest in yearsNational Savings and Investments (NS&I) has increased the returns on some of its accounts, with many now paying more than 5% for the first time in nearly three years.Competition in the savings market has been growing, leading to some of the highest interest rates for years. Continue reading......
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01.10.26 - 18:24
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Global bond sell-off intensifies, as UK long-term borrowing costs pass 6% (The Guardian)
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Fears that US deficit is unsustainable drive yields on Treasury bills and UK gilts to multi-decade highsBusiness live – latest updatesThe turmoil in global bond markets has intensified amid fears the US deficit is reaching unsustainable levels, helping drive UK long-term borrowing costs to a 28-year high.The threat of a renewed round of inflation from the persistently high cost of oil has spooked investors, who believe central banks will be forced to raise interest rates in the coming months to prevent price increases from becoming embedded. Continue reading......
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