By Finance Pulse in Transformative —

Labour's Borrowing Plan Spurs Gilt Selloff, 10-Year Yield Jumps

Labour's near-record borrowing plan triggers a gilt selloff, boosting the 10-year UK yield by 40 basis points. Read more on the fiscal impact.

An aesthetically balanced illustration showing a graph with rising yields and a backdrop of UK gover
Labour's Borrowing Plan Spurs Gilt Selloff, 10-Year Yield Jumps

The Labour government announced a near-record borrowing plan in October's budget, leading to a selloff in gilts and increasing the 10-year yield by about 40 basis points since late October.

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