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UK government bonds sell off as Kwarteng unveils tax cuts

Financial Times LogoFinancial Times1w ago

UK government bonds sell off as Kwarteng unveils tax cuts - Financial Times

Quick Summary:

It marks the biggest increase in long-term borrowing costs since 1998, according to Refinitiv data.

Two-year gilt yields have lurched more than 0.7 percentage points higher this week.

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UK government bonds sell off as Kwarteng unveils tax cuts - Financial Times (Picture 1)

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Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Topics: Gilt Investors Cuts Financial Government Percentage Data Sales Rate Kwarteng’s Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 09:53:48

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 574 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 490272

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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