Menu
Sister Sites

  • Gilts under pressure after budget pushes up borrowing expectations

    From omfif.org

    The market reaction to one of the most highly anticipated UK budgets in recent years was always going to be closely followed. While the impact was some distance from the catastrophic mini-budget of 2022, there was still a degree of concern, surprise and unease among investors. UK government bond yields actually eased heading into the UK budget announcement. The yield on the 10-year gilt dropped to 4.2% from the peak of 4.4% on Tuesday as Chancellor of the Exchequer Rachel Reeves began outlining £40bn of tax rises and plans to balance the budget deficit. However, by the end of the speech, yields had reached 4.4% and ... (full story)

  • New Comment
  •  Guest
  • | IP XX.XX.9.175
Join FF
  • Story Stats

  • Related Stories