Bond yields rise on US inflation fears
Yields on benchmark ten-year UK bonds – which rise as prices fall – climbed sharply for a second day, peaking at above 4.7 per cent, a two-month high.
There was also a hit for 30-year bonds, which saw yields climb to nearly 5.6 per cent, the highest in nearly three months.
US producer prices increased month-on-month in July by a higher-than-expected 0.9 per cent.
The measure tracks wholesale prices, stoking fears that headline consumer inflation – which has so far remained relatively benign despite Donald Trump's tariffs – could soon rise, too.
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an hour ago
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Just before the hour mark, Aston Villa midfielder Boubacar Kamara collected the ball inside his own half, picked his head up, and spotted the run of Morgan Rogers ahead of him. Kamara tried to dink a little cross-field pass towards his Villa team-mate only to miscue it, caught it fat as a golfer would say, and like so many of his team's passes on the opening day of the new Premier League season, it ended up at the feet of a green shirt. He flung his head back and turned away in disgust. Seconds later, he brought down Anthony Gordon and found himself in Craig Pawson's notebook. Kamara's moment of frustration encapsulated Villa's goalless draw with Newcastle and made one thing abundantly clear: they need to sign some players. The problem is: they can't. Everyone knows Villa are locked in PSR's handcuffs. They have had to weaken their squad to keep in line with regulations. They are about to sell Jacob Ramsey to Newcastle for £40million but can't spend a penny of it. 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But as professionals we should review it, for this good tool will become a limitation for the clubs that are doing good management, who will never be allowed to dream and get higher goals.' Before kick-off, a huge display of Emery was hoisted into the air with a sign that read: 'No limits to our dreams'. There were plenty of limits to their team and to their play. The current state of Villa's squad meant that Emery started Youri Tielemans in the No10 role behind Ollie Watkins with Kamara and Amadou Onana behind them. It left Tielemans completely unable to dictate the game for Villa like he so often did last season. Whenever Villa had the ball, Newcastle sat deep in a 4-5-1 and the hosts just could not find a way through. They had no one to pull the strings. 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Villa have only had less than the 41 per cent possession they had here in a home game four times since the start of 2023. The only time Tielemans moved into a deeper role was when Ezri Konsa became an early contender for Most Obvious Red Card of the Season for pulling back Anthony Gordon when clean through on goal. While Villa found it impossible to play through Newcastle, without the likes of Rasmey and Rashford they offered little width to go around them either. Rogers drifted centrally to support Watkins, as he usually does, on the few occasions Villa managed to get into decent areas while it was John McGinn tasked with staying wide down the right but had little impact on the game with little support from Matty Cash at full-back. It made you wonder what Donyell Malen had to do to earn a start, having scored twice and set up three goals during pre-season. He did eventually come on in the 84th minute and had attempted one Villa's three shots by the 86th. Watkins, who'd bagged five goals in pre-season, endured a difficult afternoon too. His first shot of the game came after the hour and only on a handful of times was able to burst into space, on one occasion pulling a ball back into the six-yard area and pulling his shorts up in frustration, Fabien Barthez-style, when there was no one there to get on the end of it. Much of Villa's goalscoring hopes rest on Watkins' shoulders, a player who has not always found it easy to hold Emery's trust with Rashford and Jhon Duran often rivalling him for minutes while at the club despite only Erling Haaland and Mo Salah scoring more Premier League goals than Watkins since promotion in 2020. There were still some positives for Emery to take from the game, their year-long unbeaten milestone aside. Villa battled well and kept their shape after going down to 10 men. For all the possession Newcastle had, they were still unable to fashion many clear-cut chances. And whenever they had one in the first half, debutant goalkeeper Marco Bizot was on hand to keep them out. The 34-year-old, one of few summer signings, beat away an early strike from Anthony Elanga before tipping Gordon's effort around the post. His antics late on to run the clock down, including pretending to roll the ball to every defenders in front of him before booting it upfield before his eight-second time-wasting counter had ticked down to zero, suggested the spirit of Emi Martinez still lives on between the Villa sticks.
