Claims extracted
17
sentences that state something as happening or true
Uncertain
12%
2 of 17 hedged
("reportedly", "may", "according to")
Leaning
Leans strongly right
of the writing, not the subject · beta estimate
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The yield on UK Government bonds, also known as gilts, reached 6.07% in morning trading on Thursday – the highest level since 1998, with the worldwide bond market woes spilling over into equities as London’s FTSE 100 Index tumbled by 2%.
asserted
Index → know → %
Gilt yields move counter to the value of the bonds, meaning their prices fall when yields rise.
asserted
yields → move → bonds
Rising yields on these bonds mean it costs more for governments to borrow from financial markets.
asserted
governments → rise → markets
Axel Rudolph, chief technical analyst at IG, said: “Higher yields mean the Government has to pay more to finance its debt, putting further pressure on the public finances and making it harder to balance spending commitments with the need to keep borrowing under control.
asserted
it → say → control
“Even the recent fall in oil prices hasn’t provided any lasting relief for bond markets.
asserted
fall → provide → markets
“With yields still rising, the Chancellor faces an increasingly narrow path as he prepares to set out his plans for the economy.”
asserted
he → rise → economy
The FTSE 100 Index shed 209 points to stand at 10397.1 just over an hour after market opening.
asserted
Index → shed → opening
Markets were also tumbling across Europe, with the Dax in Germany and France’s Cac 40 both off 1.3%.
asserted
Dax → tumble → Germany
This came despite Brent crude prices falling back below 100 US dollars a barrel, down 2% at 99.9 dollars, on signs that Middle East crude flows are back to pre-Iran war levels.
asserted
flows → come → levels
Neil Wilson, Saxo UK investor strategist, said the “relentless rout in the bond market is sending investors running for cover”.
asserted
rout → say → cover
Government bonds were also slumping across the globe, with the US 10 year bond yield at its highest since 2002.
asserted
yield → slump → 2002
Susannah Streeter, chief investment strategist at Wealth Club, said: “The blue-chip index has taken a dive in early trade, with confidence hit by concerns about the potential for higher inflation, more refinancing costs and the knock-on effect on spending.
asserted
confidence → say → spending
Read More
She added: “With debt already high and interest payments eating up a hefty chunk of public finances, sustained yields at these levels could further squeeze the Chancellor’s wiggle room when he sets out his spending plans.”
uncertain
he → read → plans
Opposition parties questioned the Prime Minister’s handle on the situation.
asserted
parties → question → situation
Tory deputy leader Alex Burghart told BBC Radio Kent: “We cannot afford to live like this.
asserted
We → tell → this
I was very worried to listen to Andy Burnham’s speech in Liverpool, where he had no plans to control government spending at all, and it’s like he’s not sort of looking at the financial markets in any way.”
asserted
he → listen → way
Reform UK leader Nigel Farage said Andy Burnham “is not facing up to the reality that he can’t solve this crisis”, and the party’s economic spokesman Robert Jenrick suggested the Prime Minister would fail to curb borrowing costs with “unfunded promises on a National Care Service, a ballooning benefits bill and more delays for Heathrow”.
uncertain
Minister → say → Heathrow
The Aporia
