POLITICSBLOOMBERG
A Popular UK Bond Trade Suggests Markets Trust Burnham for Now
A go-to trade within the UK gilt markets suggests that investors are confident in Prime Minister Andy Burnham's ability to maintain his commitment. This confidence relates specifically to keeping government borrowing costs under control.
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Adjacent reporting
- Britain’s prospective next PM tries to placate bond markets after sell-off, gilts steady
- Burnham catches a bit of luck with gilts
- The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says
- Pound Defies Expectations as Traders Give Burnham a Chance
- Gilts Steady as Investors Await More Policy Details From Burnham