The UK 30-Year yield has dropped to under 5.7%, coming down of its 5.752% highs at the market open following the announcement of the Autumn Budget date.
The Treasury said today (3 September) that 26 November will be the date for its highly anticipated Autumn Budget. The aforementioned sell-off so far this week is not UK centric, with the 30-Year US Treasury up to 5% for the first time since July after investors returned from their long Labour Day break. The Japanese equivalent hit an unprecedented 3.255%, as major economies face the dual challenge of managing ever growing debt while trying to stimulate growth, without triggering inflation. Chancellor Rachel Reeves will use the Budget as her chance to outline the government's plan...
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