- Personally, I see a case for slightly increasing the pace of QT
- We are seeing bond markets react to developments, including in the US
- I don't think there's a structural change going on in the bond market
The press conference has ended with UK 2-year gilts down 9.4 bps to 4.900% but 10s are up 1.5 bps to 4.419% as long-dated global bonds slump.