U.K. Yields Approach Lowest This Month Before Osborne Speech

Updated on
  • Primary dealers expect T-bills to plug cash requirement
  • Pound falls toward lowest level in two weeks versus dollar

U.K. 10-year bond yields approached their lowest level this month before Chancellor of the Exchequer George Osborne’s Spending Review, with investors weighing the implications for gilt issuance from a possible increase in the government’s cash needs.

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