Sector Review

Sector movers: Higher Gilt yields hit cyclicals, interest rate sensitive names

By Alexander Bueso

Date: Wednesday 24 Apr 2024

(Sharecast News) - Cyclicals and interest rate-sensitive areas of the market came under pressure in the middle of the week as longer-term Gilt yields continued moving higher.
Similarly-dated U.S. Treasuries were also under pressure.

In the case of the U.K., the move in Gilts had been triggered by better-than-expected purchasing...

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