Weak Gilt Market Suffering From Reeves’ Budget
Reeves trashed the gilt market last week by pushing up UK 10-year gilt yields to peaks much higher than the 3.47% seen the day after Kwasi’s budget in 2022. The fallout hasn’t stopped there…
At this morning’s auction UK bonds saw the weakest demand since December last year. 10-year yields are still high at 4.496%. Investors’ concerns haven’t been assuaged by Reeves’ special post-budget media round – the bashed market limps on…
