[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

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.

Newsquawk StaffPublished 3 Mar 2026, 13:26 UTCOn the live feed at 13:06 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

13:14

Most issuers are expected to hold off on raising fresh capital in the primary market for the second consecutive day as the war in Iran shows no sign of de-escalation, according to Bloomberg citing an informal poll of syndicate underwriters

13:09

Shell (SHEL LN) CEO committed to invest BRL 3.5bln in Raizen, Brazil, according to Bloomberg TV

13:06

[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

13:03

Johnson & Johnson (JNJ) therapy nipocalimab granted US FDA Fast Track designation in systemic lupus erythematosus (SLE)

13:01

UK OBR Forecasts:

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Context

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.

All markets · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

METALS/1 Sept · 08:06 UTC

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

Spot Gold, after we published−1.0%

FX/28 Aug · 14:00 UTC

Fed Chair Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective

DXY, after we published+0.5%

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