Global Bond Vigilantes on Alert: From UK Gilts to US Treasuries and China’s Growth Hurdles
The UK budget drew mixed responses as Rachel Reeves navigated sensitive economic waters. Though the initial reaction was calm, with yields dropping, they spiked post-speech, as market concerns mounted over rising debt. The 10-year gilt yield ultimately surged by nearly 20 basis points, demonstrating that investors remain vigilant against unchecked spending, despite more transparent fiscal […]