PIMCO says UK budget unlikely to shock markets, gilts look attractive

PIMCO executives remain optimistic about the UK's fiscal outlook, expecting tight budget measures from Finance Minister Rachel Reeves. Despite recent underperformance, they predict an improvement in gilt yields. The new Labour government aims to boost productivity through reduced red tape and infrastructure improvements.

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Oct 17, 2024 - 11:33
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PIMCO says UK budget unlikely to shock markets, gilts look attractive
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PIMCO executives remain optimistic about the UK's fiscal outlook, expecting tight budget measures from Finance Minister Rachel Reeves. Despite recent underperformance, they predict an improvement in gilt yields. The new Labour government aims to boost productivity through reduced red tape and infrastructure improvements.
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