B · Normal
[Betting on “stability” in the budget, some large institutions are buying British treasury bonds] On October 19th, some large investors bet that British Finance Minister John Healey will adhere to fiscal discipline in his first budget in office. This expectation has triggered a rise in British treasury bonds. M&G Plc, Ninety One Plc and other institutions have bought British government bonds before the budget is announced on October 28. They expect Treasury yields to fall if Healey shows solid control over spending and borrowing.
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