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Blain’s Morning Porridge Nov 17th 2025 – The Political Weaponisation of Gilts
In bonds there is truth – at least there was until politicalcampaigners realised what a powerful tool they might be to amplify political failure. Destabilising markets by roiling bonds is unlikely to end well. The consequences could be fearful.
Something snapped last week in Gilts, the UK’s GovernmentBond market. Normally I would call a sudden wobble in sentiment as a judder-moment, when something critical happens – like an athlete’s hamstring tearing – underminesconfidence and impacts market direction. Last week it was a succession of events suddenly overwhelming the market’s confidence in…
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