JPMorgan misses profit expectations as bank boss warns of ‘large fiscal deficits’ and ‘sticky inflation’ - as it happened

Rolling coverage of the latest economic and financial news UK government bonds are rallying this morning, after the IMF said it had increased its growth forecast for the country this year.

Yields (which fall when bond prices rise) are down by about 5 basis points for the 10-year gilt, and down by 4 basis points for the 5-year. Continue reading...