#gilt-markets

#gilt-markets

Rachel Reeves' reckoning will come from gilt markets

If Rachel Reeves mishandles the Budget, gilt markets will deliver a damning verdict in minutes, triggering a chain-reaction of events, warns the CEO of one of the world's largest independent financial advisory organizations. The warning from Nigel Green of deVere Group comes after last week's bonds sell-off proved how quickly confidence evaporates when fiscal intentions look uncertain, with 10-year yields surging in their biggest single-day move since July and forcing investors to reprice UK risk across the board.