Reported 25 days ago
The tumultuous selloff in UK bonds, which peaked at their highest borrowing costs in a year, began to ease as a disappointing US jobs report increased demand for global debt. After enduring a third day of losses reflecting concerns over proposed Labour spending, the bond market found some stability, with 10-year gilt yields settling at 4.45%. Despite this stabilization, concerns linger about Labour's fiscal plans and their potential impacts on the UK economy. Ratings agencies have painted a grim fiscal outlook, suggesting that increased borrowing may pressure financial markets more than monetary policy, with upcoming decisions from the Bank of England being closely watched.
Source: YAHOO