UK Corporate Debt Costs Soar Above US Peers
- Extra yield for sterling IG bonds is highest vs US since Oct.
- BOE expected to hike interest rates, while Fed is seen pausing
This article is for subscribers only.
The cost of money for UK companies is rapidly rising compared with firms across the Atlantic.
With UK economic data this week suggesting that the Bank of England has a lot more to do to get inflation under control, the yield spread of sterling investment-grade bonds over their dollar peers has been widening fast.