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UK Gilts Rebound After Starmer Backs Reeves as Chancellor

UK Gilts Rebound After Starmer Backs Reeves as Chancellor

Bloomberg03-07-2025
UK government bonds opened higher, paring some of their losses from Wednesday, after Prime Minister Keir Starmer said Rachel Reeves will stay on as Chancellor of the Exchequer.
The yield on 30-year bonds fell five basis points to 5.37%, while 10-year rates also dropped five basis points to 4.56%. The pound was slightly higher at $1.3656.
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