Global rates drop on UK tax U-turn

Oct 4, 2022 | Currency, Economy, Money Market

4.10.22 A weaker than expected ISM Manufacturing survey and a surprise U-turn by the UK Chancellor on the government’s tax package (retaining the 45% tax bracket after all) have driven a big fall in global rates overnight, reports BNZ Markets this morning. The US 10-year rate is almost 20bps lower, at around 3.65%, with similar-sized […]

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Global rates drop on UK tax U-turn

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