From “Flying Blind” to “Don’t Exaggerate” — Bailey’s Changing Tune on Gilt Turmoil. Yesterday, Governor of the Bank of England Andrew Bailey offered his verdict on the latest gilt yield turmoil, and his advice was simply to ignore it. Speaking to the Treasury Select Committee after 30-year gilt yields hit 5.7%, the highest level in 27 … Continue reading Andrew Bailey’s Double Standard: Critical of Truss, Shrugs Off Gilt Chaos Under Labour