Bond markets could force Rachel Reeves ‘to do a secondary budget’, City investor warns

David Zahn of Franklin Templeton said bond yields could rise in response to chancellor’s fiscal plans and government would have to reactBusiness live – latest updatesThe bond markets could force Rachel Reeves to deliver a second budget if investors are disappointed by the chancellor’s fiscal plans next week, a City investor has warned.David Zahn, the head of European fixed income at Franklin Templeton, said the biggest risk from the budget on 26 November was that Reeves “disappoints”, leading to a sharp rise in bond yields – the interest rate on UK government debt. Continue reading…