Market interest rates are up sharply - but only to pre-pandemic levels
%
Aug
2019
Sep
Oct
Nov
Dec
Jan
2020
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
2021
Feb
Mar
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0%
UK 10 year bond yields
US 10 year bond yields
Pandemic declared
0.7%
1.5%