U.K. gilt yields seen rising absent public-spending restraint
Kathleen Brooks at XTB says U.K. gilt yields could climb further unless the government restrains public spending in the Oct. 28 budget statement, citing concerns over Labour backbenchers’ spending demands.
Yields on U.K. government bonds, or gilts, could climb further unless the government puts a restraint on public spending at the budget statement on October 28, XTB's Kathleen Brooks says in a note. "Increasingly, Labour [party] backbenchers' spending demands look unfeasible and unaffordable," she s…