Real-time News

UK government bonds extended gains, with longer-term bonds leading the way; the yield on 30-year UK bonds fell 7 basis points to 5.25%.

ECB Governing Council member Vujicic: Micromanaging monetary policy to achieve the 2% target is almost an impossible task and will only bring unnecessary volatility.

ECB Governing Council member Vujicic: Due to climate change, predicting food inflation has become more difficult, and there is a risk of unexpected events.

The UK government says a new oil and gas pricing mechanism will replace the energy profits tax, which is expected to end in April 2030 or earlier.

Market news: Switzerland plans to nationalize arms manufacturer Ruger.

The UK government will consider expanding and deepening its Treasury bill market and will consult on this matter.

The UK government says the new oil and gas pricing mechanism will have a tax rate of 35%.

November 26th - Under UK budget measures, owners of electric and plug-in hybrid vehicles will be subject to a mileage tax. Documents show that from April 2028, electric vehicle owners will pay 3 pence per mile, while plug-in hybrid vehicle owners will pay 1.5 pence per mile. This measure is expected to raise £1.4 billion (approximately $1.8 billion) annually by the end of this decade. Regulators estimate that this change will lead to a reduction of 440,000 electric vehicle sales in the coming years. Delvin Lane, CEO of charging company InstaVolt, stated, "Introducing such a system at this stage could add new costs and deter drivers considering switching to electric vehicles."

UK government: Budget documents show that the carbon price support mechanism will be frozen at £18 per tonne in 2027/2028.

The UK government says it will not issue new licenses to explore new oil and gas fields.

The UK government will include nuclear energy in eligible green bond projects.

The UK government will allow new oil and gas production activities near existing oil fields.

The UK Debt Management Authority (DMO) will sell £10 billion of green government bonds in the 2025/26 fiscal year (with a planned issuance of £10 billion in April).

The UK Debt Management Authority (DMO) plans to sell £19.4 billion of index-linked government bonds through auctions in the 2025/26 fiscal year (the April target was £20.4 billion).

The UK Debt Management Authority (DMO) plans to sell £10.5 billion of long-term conventional government bonds through auctions in the 2025/26 financial year (compared to a target of £17.8 billion in April).

The UK Debt Management Authority (DMO) plans to sell £123.5 billion of short-term conventional government bonds through auctions in the 2025/26 fiscal year (the April target was £116.5 billion).

UK 10-year government bonds gave back earlier gains after the Debt Management Agency (DMO) announced its issuance plans.

The UK Debt Management Authority (DMO) has planned a net issuance of £11 billion in Treasury bills for the 2025/26 fiscal year (compared to a target of £10 billion in April; a Reuters poll also predicted £10 billion).

British Chancellor of the Exchequer Reeves concludes his budget speech.