Markets Live: Glut of Gilts

The transcript discusses the Chancellor's upcoming announcement on borrowing and issuance in the guilt market. It highlights a Bloomberg survey showing a slight decline in guilt remit estimates and anticipates high borrowing over the next few years. The current economic environment, including cooling US inflation, may soften market reactions. However, the UK's debt-to-GDP ratio is nearing 100%, and a recession is looming, which could worsen government accounts.

What factors are contributing to the current risk-taking environment mentioned in the text?

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What warnings has the Bank of England issued regarding the economy?

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