MARKET NEWS
British government bonds, stocks and sterling slide as budget rumours swirl - REUTERS
LONDON, Nov 14 (Reuters) - British government bond prices fell sharply on Friday, stocks, particularly banks tumbled, and sterling hit its lowest level on the euro in over two years, following new reports that the UK budget later this month will not see expected income tax rises.
Britain's 10 year government bond yield rose 10 basis points to 4.54%, set for its biggest one-day jump since early July. In contrast, equivalent German government bond yields were up just 2 bps. ,
