finance
UK Government Bonds Record Minor Price Changes Ahead of Policy Details
UK government bonds posted only small price moves as investors awaited updates from new Prime Minister Andy Burnham. Weak economic data also lowered expectations for higher interest rates.
Jul 21, 3:48 AM·1m read2 sources
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UK government bonds posted minor price changes ahead of expected policy details from Prime Minister Andy Burnham, who took office earlier this year. Weak economic data reduced expectations for higher interest rates, leaving market participants focused on the timing and scope of any fiscal measures he may announce.
Bond trading remained subdued through the session, with prices showing only small moves in either direction.
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