All articles tagged with #uk bonds
UK long-term bond yields reached their highest since 1998, driven by debt concerns and inflation fears, causing the pound to weaken and putting pressure on the government to address a significant budget deficit amid rising borrowing costs.
UK government borrowing costs decreased after market nerves eased following Prime Minister's supportive comments about Chancellor Rachel Reeves, with bond yields falling and the pound rising slightly, amid ongoing concerns about fiscal discipline and political stability.
UK government bond prices and the British pound rallied after calming comments from Prime Minister Keir Starmer regarding Finance Minister Rachel Reeves' future, which eased market fears about fiscal credibility. Despite recent concerns over potential tax hikes and fiscal rule breaches, markets responded positively, and European stocks opened higher. The yield on UK 10-year gilts slightly decreased, reflecting improved investor sentiment amid ongoing political and economic developments.
UK bonds recovered after Keir Starmer's endorsement of Rachel Reeves eased investor concerns, while the US economy added 147,000 jobs in June, boosting stock markets and strengthening the dollar. Meanwhile, UK and US trade negotiations and airline disruptions due to strikes also made headlines.