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Search results: “Public finances”

3 stories found

Bond marketsDEVELOPING

Global bond sell-off resumes as oil tops $107 a barrel and yields spike

Investors resumed dumping government bonds after oil rose above $107 a barrel amid concerns over advances by Houthi rebels along the Red Sea. Yields jumped: 10-year UK gilts topped 5.37% and 10-year US Treasuries reached 4.92%.

  • Brent rose above $107 a barrel after reports of Houthi advances along the Red Sea.
  • 10‑year UK gilts topped 5.37%, the highest since 2007.
1 sources91% confidence
The Guardian Business
Public financesDEVELOPING

Chancellor John Healey to portray UK economy as 'turning a corner' and unveil £150m northern fund

Chancellor John Healey will present an upbeat account of the UK economy as 'turning a corner' in a Monday speech and announce a £150m fund for firms in the north of England. The fund, drawn from British Business Bank allocations, will invest between £5m and £15m; Healey's Budget is set for 28 October.

  • Chancellor John Healey will portray the economy as 'turning a corner' and unveil a £150m fund for the north of England.
  • The fund will come from money already allocated to the British Business Bank and invest between £5m and £15m in firms.
1 sources93% confidence
BBC Business
financeDEVELOPING

Bond-market instability: US 10-year yield at 4.8% and global knock-on effects

Over the past fortnight government bond markets in major economies have been volatile, with the US 10-year Treasury yield rising to 4.8%. The move coincides with US government debt topping $40tn, inflation worries after renewed Middle East hostilities, and large borrowing by major AI hyperscalers.

  • US 10-year Treasury yield hit 4.8% on Friday; 30-year yields reached highs not seen since 2008.
  • Total US government debt has passed $40tn, with deficits forecast around 6% of GDP.
1 sources91% confidence
The Guardian Business