Gilt rout deepens as traders bet on four Bank of England rate rises this year
Investors see UK economy as one of the most exposed to an inflation shock
Investors see UK economy as one of the most exposed to an inflation shock

UK government bond market under renewed pressure as oil surpasses $100 a barrel

Assessment from MPC adds to sell-off in gilts and prompts traders to increase bets on higher borrowing costs

Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat

Gilts will outshine global peers, helped by BoE rate cuts, Wall Street lenders predict

Figure prompts traders to increase bets on Bank of England interest rate cut this year and sparks gilt rally

Investors warn loosening fiscal rules or change of prime minister could add to pressure on UK borrowing costs