#gilt-yields
#gilt-yields
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#uk-budget #bond-markets #rachel-reeves #uk-economy #sterling #fiscal-risk #budget-leak #market-reaction
UK politics
fromBusiness Matters
1 week agoBond markets could force Rachel Reeves into a 'secondary budget', warns leading City investor
A sharp bond-market reaction could force the chancellor to deliver a second budget by driving gilt yields to unsustainable levels, risking a financing 'death spiral'.
fromwww.theguardian.com
1 week agoBond markets could force Rachel Reeves to do a secondary budget', City investor warns
It depends how the bond market reacts. If the bond market reacts very badly the government will have to react if bond yields start to go up too much, he said. Zahn suggested that it would be unsustainable if the yield, or interest rate, on either 10-year or 30-year UK bonds reached 6%. Such high interest rates created a death spiral, he warned, meaning the government would hopefully act before yields rose that high.
UK politics
Miscellaneous
fromLondon Business News | Londonlovesbusiness.com
2 months agoEurope higher, but BoE decision brings more cautious tone in the UK - London Business News | Londonlovesbusiness.com
Bank of England likely to hold rates through 2025 while signalling slower quantitative tightening, affecting gilt yields and sterling.
fromLondon Business News | Londonlovesbusiness.com
3 months agoChancellor may have been thrown a life line as public borrowing falls - London Business News | Londonlovesbusiness.com
UK public sector borrowing dropped to £1.1bn in July, the lowest July borrowing for three years, as stronger tax revenues slowed the increase in public borrowing. The uplift in receipts was largely driven by a better-than-expected economic performance in the first half of the year. Despite this improvement, borrowing for the financial year to date remains £6.7bn higher than the same period last year.
UK politics
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