What does the gilt sell-off mean for your money?

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The story "What does the gilt sell-off mean for your money?" was covered 14 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 14h ago

What does the gilt sell-off mean for your money? - Financial Times

Quick Summary:

Higher gilt yields usually result in lower annuity prices and with pensions subject to inheritance tax from 2027, the income guaranteed by annuities might look attractive for retirees.

Swap rates, which track these expectations and are used by lenders to price their fixed-rate products, have risen sharply from just under 4 per cent in mid-September to more than 4.5 per cent this week.

Yields for UK government bonds, or gilts, along with US Treasuries and other sovereign bonds, have risen as investors expect interest rates will remain higher for longer due to stickier-than-expected inflation.