ING analyst Michel Tuck said in a note the budget release could relieve pressure in the UK gilt market and, if the final budget proves milder than Prime Minister Burnham's signalled ambitions, trigger a small rebound; ING expects the 10-year gilt yield to ease modestly as markets digest spending concerns. The 10-year gilt yield was up 2.5 bps at 5.368%.

2026-10-28

ING analyst Michel Tuck said in a note the budget release could relieve pressure in the UK gilt market and, if the final budget proves milder than Prime Minister Burnham's signalled ambitions, trigger a small rebound; ING expects the 10-year gilt yield to ease modestly as markets digest spending concerns. The 10-year gilt yield was up 2.5 bps at 5.368%.