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Surprise-Free UK Budget May Ease Gilt Yield Pressure

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Story summary
  • Chancellor John Healey faces a budget test to keep UK finances off bond traders’ radar.
  • UK gilts posted their first weekly gain in four weeks last week.
  • Investors say a surprise-free budget could trigger a relief rally in gilt yields.
  • M&G Plc and Ninety One Plc are increasing UK gilt holdings ahead of the budget.