Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Global bond markets remain edgy. UK gilt yields headed higher again this morning, alongside their European counterparts. US yields are also ticking up. For anyone who still finds talk of government bond yields a bit confusing, it just means the cost of borrowing keeps going up.