Jul 3rd, 2025
UK Gilts Extend Gains Morning After Reeves' Tears in PMQ
UK markets rebounded from a sharp selloff as Prime Minister Keir Starmer sought to calm speculation about a possible exit by Chancellor of the Exchequer Rachel Reeves by saying she will stay in the role for many years to come. The yield on 30-year bonds fell 12 basis points to 5.30% after a 19 basis point jump on Wednesday, the biggest increase since April. Bloomberg's Morwenna Coniam discusses on "The Pulse with Francine Lacqua."
