BlackRock warns of backlash in UK bond market

BlackRock Inc (NYSE:BLK), one of the largest global asset managers, has warned investors about the potential risk of politicians promising increased spending to win the upcoming election, which could trigger a backlash in the bond market.   In 2022, unfunded tax cuts disrupted financial markets, leading to the resignation of then Prime Minister Liz Truss and intervention by the Bank of England.  The concept of ‘bond vigilantes’, investors who sell bonds in protest against policies they deem inflationary, ga ...