Surging energy costs have spread fear among investors in recent weeks that inflation isn’t going away. One place where the strains are being felt most acutely is the U.K.
, where bond marketsThe most dramatic swings took place with government bonds whose coupons are linked to inflation.
Those bonds, and derivatives known as swaps, are seen as a measure of where investors believe inflation is headed. Yields on them surged to their highest levels in over a decade.
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