Subadra Rajappa, head of US rates strategy at Société Générale, and Vineer Bhansali, founder of LongTail Alpha, joins Katie Greifeld on “Bloomberg Real Yield.” Long-end Treasury real yields climbed to the highest in nearly two decades, signaling investors will increasingly need protection from policy uncertainty.
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UK Chancellor of the Exchequer Rachel Reeves didn’t rule out further tax increases in this parliament, after announcing a £26 billion ($34.4 billion) revenue-raising package to stabilize Britain’s public finances. She spoke with Bloomberg’s Lizzy Burden Wednesday https://bloom.bg/4p39UAd

The budget included a more-than-doubled buffer of £22 billion and increased welfare spending by £16 billion, with decisions such as scrapping the cap on child benefits earning praise from left-wing Labour MPs.
The Office for Budget Responsibility said the budget would have “no significant impact on output by 2030”, and the UK tax burden is expected to hit 38% of GDP, the highest since records began just after the second world war.

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Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Jason Schreier reports on “Bloomberg Open Interest.”
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The Pros and Cons of a Pennsylvania Data Center
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Graham Platner suspended his US Senate campaign in Maine following a sexual assault allegation that caused his support from fellow Democrats to collapse.

His exit throws a crucial race for the party into turmoil.
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