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UK Bonds Fall as Investors Focus on Lingering Fiscal Challenges - BLOOMBERG
By Alice Atkins
UK bonds erased the gain notched after Wednesday’s smaller-than-expected debt plan as investors turned their attention to Britain’s still-fragile finances and the risk of a global rise in borrowing costs.
Gilts fell across the curve, underperforming European peers and sending the benchmark 10-year yield up as much as eight basis points to 4.81%. That’s the highest since mid-January, when gilts shouldered the worst of a worldwide bond selloff that wiped out Chancellor Rachel Reeves’s fiscal headroom.
