European bond markets are experiencing a rise in prices, which has led to a decrease in government borrowing costs. The yield on German 10-year bonds fell to 2.519%, while UK 10-year gilts dropped to 4.6%. This trend follows a recent recovery in US Treasury prices. The UK government is also pivoting towards short-term borrowing to alleviate financial strain. Meanwhile, stocks in London are responding positively to the delay of a threatened tariff hike by Donald Trump, while food inflation continues to affect consumers, reaching an annual increase of 2.8%.
European bond prices are rising, reducing government borrowing costs, with yields on German 10-year bonds dropping to 2.519% and UK 10-year gilts to 4.6%.
The UK government is transitioning towards shorter-term borrowing to lower interest expenses, relieving pressure from tax and spending plans, as revealed by Debt Management Office.
After the Bank Holiday, London stocks surged, with the FTSE 100 index up 75 points due to Donald Trump delaying his 50% EU tariff hike.
Food inflation in the UK has increased for the fourth consecutive month, reaching an annual rise of 2.8%, significantly driven by rising fresh produce costs.
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