A relief rally in UK government debt faltered Tuesday as investors braced for fresh bond supply and as Bank of England Chief Economist Huw Pill made the case for tighter monetary policy to contain inflation. The losses were led by the long-end of the curve, with 30-year yields rising as much as 47 basis points to 5.01%, the highest since 2002. The UK government is preparing to sell more of an outstanding 2053 green gilt as early as Wednesday, and is expected to ramp up bond offerings further to finance government stimulus measures announced last week. BOE’s Pill said the fiscal plans unveiled by Chancellor of the ... (full story)