Swap rates hit three-year high: Five-year swaps rose above 4.52%, set to push fixed mortgage rates higher for homeowners. Gilt yields at 18-year peak: 10-year UK bonds reached 5.3%, with 30-year yields touching 5.89%, the highest since 1998. Three rate hikes priced in: Investors now expect Bank of England to lift rates to 4.5% by June 2027, up from current 3.75%. £6bn budget headroom hit: Chancellor John Healey faces a potential £6bn...
