2023-11-23 | Current Affairs
Gilt Yields Surge As U.K. Treasury Trims Bond Sales
Today’s News The U.K. Treasury, contrary to market expectations, made a smaller-than-anticipated reduction in its targeted bond sales for the year, prompted by Chancellor Jeremy Hunt’s incorporation of a GBP 20 billion (approximately 25 billion USD) tax cut in his Autumn Statement, resulting in a halt of the recent rally in the gilt market. The […]