U.K. government bonds, or gilts, stay calm as investors await news on the possible new leader of the Treasury to replace the incumbent Rachel Reeves. "Markets are looking through immediate fiscal concerns around a likely Andy Burnham premiership," Validus Risk Management's Pierre Roke says in a note. The identity of the Treasury chief could indicate the direction of fiscal and economic policies under the new government. (miriam.mukuru@wsj.com)
Dow Jones Newswires
U.K. Government Bonds Remain Calm, Focus on Possible Choice of Treasury Chief — Market Talk
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U.K. government bonds, or gilts, stay calm as investors await news on the possible new leader of the Treasury to replace the incumbent Rachel Reeves. "Markets are looking through immediate fiscal concerns around a likely Andy Burnham premiership," Validus Risk Management's Pierre Roke says in a not…