1142 GMT - Gilt investors have likely priced in the U.K.'s increasing fiscal pressures arising from increased spending needs, Capital Economics's Diana Iovanel says in a webinar. Gilt yields will likely have a muted reaction following U.K. Treasury chief Rachel Reeves' spring statement on March 26 as a result, the senior economist says. Investors are "bracing for a less optimistic fiscal outlook" than they were at the time of the October budget, after which gilt yields rose quite a bit, she says. Gilt yields are now higher than they were at that time. The 10-year gilt yield last trades up 2 basis points at 4.754%, versus around 4.3% just before the October budget, Tradeweb data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

March 13, 2025 07:42 ET (11:42 GMT)

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