[MARKET UPDATE] Gilts tick higher as Reeves delivered her non-event Spring Statement, upside seen on the OBR forecasts ahead of the lower but as-expected Gilt remit

Gilts tick higher as Reeves delivered her non-event Spring Statement, upside seen on the OBR forecasts ahead of the lower but as-expected Gilt remit.

The recent Spring Statement from Reeves was largely seen as a non-event, with gilts reacting positively due to an improved outlook from the OBR forecasts. Despite a lower-than-expected Gilt remit, this move reflects investor confidence in UK fiscal health, suggesting a potential reassessment of duration risk and yields in the fixed income market.