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Global bond sell-off pushes UK 10-year gilt yield to 5.38%, near 19-year high
Guardian WorldLO·GB·1 day ago
UK Chancellor John Healey is reportedly willing to accept a smaller fiscal buffer in next month's budget to avoid large tax increases, after investor signals suggested bond markets would tolerate a lower target. This marks a potential shift from prior fiscal caution, with implications for UK fiscal policy and gilt yields. The move is unconfirmed and based on FT sources.