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The UK government's spending assessment may be favourable information for UK bonds.
On June 10, British Chancellor of the Exchequer Reeves will release a government expenditure assessment report on Wednesday. If Reeves sends the right message, this could boost gilts. If Reeves shows that she is determined to stick to her fiscal policy, she can protect gilt yields from being dragged down in the event of a sell-off in US Treasuries.