So while not engendering Liz Truss style bond-market jitters, nonetheless bond traders seem to have taken the view that Rachel Reeves will need to raise more money (via the bond markets) than is currently expected.... this has led to a dip in prices (as the 'supply' of debt is expected to increase) & a rise in yields.

Whether this troubles Reeves is another issue, but does suggest traders were not quite as relaxed about Reeves' budget as many thought they would be.

#budget #PublicDebt
h/t FT