The market sentiment remains unsettled after the government announced extensive borrowing and fiscal stimulus plans, leading to a decline in UK bonds.

The yield on 10-year UK government bonds reached its highest level in almost a year, rising by eight basis points to 4.43%. This increase in yields reflects investor concerns about the sustainability of the government's fiscal strategy.

UK bonds are performing worse compared to German bonds and US Treasuries, indicating a shift in market dynamics as participants assess the implications of the new budgetary measures.