Bond Yields Spike on Rate Fears as UK/German Bonds Hit Highs; Tesco Profits Up, Sees Lower Inflation
- Bond yields rising on government debt, indicating fears of high interest rates
- Selloff triggered by strong US jobs data suggesting rates will stay high
- UK and German long-term bond yields hit multi-year highs
- Tesco profits up, predicts falling food inflation
- UK rail strike coincides with Conservative conference, Sunak to cancel HS2 northern leg
