As Trump’s inauguration approaches, Britain has begun to feel the heat. A selloff in global bonds has particularly affected gilts, causing the UK bond markets to be slow. Additionally, the pound is on the brink of its most significant three-day decline in nearly two years.

Apparently, bond yields have surged globally this week due to concerns regarding inflation, the likelihood of a decrease in interest rates, and the uncertainty surrounding the foreign and economic policies of U.S. president-elect Donald Trump. Also, there is the potential for trillions of dollars in additional debt sales.