U.K. Government's Fiscal Credibility in Focus as Bond Yields Climb — Market Talk

Investors in U.K. government bonds, or gilts, will pay attention to the credibility of the government's spending and revenue generating plans at the October 28 budget, Mizuho's Evelyne Gomez-Liechti says in a note. Gilt yields are close to multiyear highs, which raises the cost of borrowing and add…