Possible scenario
Market Looks Through
20% Chance
Investors decide the borrowing overshoot is disappointing but not decisive because monthly U.K. fiscal data are volatile. Attention shifts back to global bond yields, inflation data and the Bank of England's next policy communications.
Initial impacts
- Market volatility Up
- 10-year Treasury yield Up
- Riskier companies' borrowing costs Up
Secondary impacts
- Utilities -0.2%
- Finance -0.1%
- Technology -0.1%
Portfolio impact
S&P 500-0.2%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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