Business & Finance
UK Wins Back Bond Investors With Dose of Fiscal Restraint
Key Points
UK Wins Back Bond Investors With Dose of Fiscal Restraint The rehabilitation of the UK bond market took another step forward as Prime Minister Andy Burnham’s debut budget reassured investors this week, sending yields to a five-week low. Its notable restraint hit the right notes, even as investors agreed that much-needed structural reforms had been pushed down the road for now.
UK Wins Back Bond Investors With Dose of Fiscal Restraint
The rehabilitation of the UK bond market took another step forward as Prime Minister Andy Burnham’s debut budget reassured investors this week, sending yields to a five-week low.
Its notable restraint hit the right notes, even as investors agreed that much-needed structural reforms had been pushed down the road for now. The 10-year gilt yield fell as low as 5.25% on Thursday and is set for the biggest monthly drop since May.