Royal Bank of Canada: UK Gilt Performance May Be Supported

According to Jin10, Royal Bank of Canada Capital Markets strategists said UK gilt performance may be supported after British Prime Minister Burnham and Chancellor Healey recently pledged to maintain fiscal discipline. They said Healey reiterated the government's commitment to fiscal responsibility in a speech this week, easing investor concerns ahead of the October 28 budget announcement, and that Britain's syndicated sale of a gilt maturing in January 2056 on Tuesday will test demand for UK government bonds.