英国突发！金融市场遭全面抛售

Core Viewpoint - The UK financial market experienced a significant sell-off, with a sharp decline in government bond prices and a rise in yields, indicating a loss of investor confidence in the management of the UK economy [1][4]. Group 1: Market Reactions - The UK bond market saw the 10-year government bond yield spike by 22 basis points to approximately 4.68%, marking the largest single-day increase since the autumn of 2022 [1]. - The UK stock market also faced declines, with the FTSE 100 index down by about 0.1% and the FTSE 250 index down by 1.3%, contrasting with gains in major European indices like France's CAC40 and Germany's DAX [2]. - The British pound weakened significantly, dropping over 1% against the US dollar and nearing a decline of 80 basis points against the euro [3]. Group 2: Political Context - The UK government, led by Prime Minister Keir Starmer, made a significant policy shift by scaling back planned welfare cuts, resulting in a £5 billion fiscal gap, raising concerns about fiscal management [6]. - During a parliamentary session, the opposition leader questioned the suitability of the Chancellor of the Exchequer, Rachel Reeves, leading to speculation about her political future and potential changes in fiscal policy [7][8]. - Market analysts drew parallels between the current situation and the 2022 "mini-budget crisis," suggesting that the government's actions could lead to a repeat of past market turmoil [10]. Group 3: Investor Sentiment - The rise in bond yields and the decline in the pound are seen as indicators of diminishing confidence in the UK government's economic management [4][11]. - Analysts noted that Rachel Reeves is viewed as a stabilizing figure for fiscal policy, and her potential departure could further undermine market confidence [11]. - Unlike the 2022 crisis, the current market downturn is characterized by orderly selling driven by sentiment rather than forced liquidation, indicating a different market dynamic [12].