BoE's Surprise Bond Shift Eases Borrowing Costs But Energy Crisis Looms

• Government Bonds: Yields fell sharply after the Bank of England surprised markets by ending long-term gilt sales. The 30-year gilt yield dropped 12 basis points.
• Household Budgets: Borrowing costs on two-year gilts fell eight basis points, erasing losses from a recent sell-off and offering a momentary breather.

Liabilities (What's Losing Ground)

• Energy Price Cap: Forecasts show the January cap could soar 24.9%, with wholesale gas prices...