Hard to capture the scale of the sell-off in UK bond markets since Kwasi Kwarteng's statement.
Five-year gilt yields have risen almost half a percentage point to a peak of 4.047% - the biggest one-day rise since at least 1991, by my calculations.
New borrowing now far costlier. pic.twitter.com/EpPBmplDvq

— David Milliken (@david_milliken) September 23, 2022