POWER: UK May Reduce SMR Funding in Spending Review

Feb-28 16:17

UK Chancellor Rachel Reeves is expected to reduce funding for the UK’s SMR programme to two reactors, from three to four reactors previously expected, sources told Reuters. 

  • The chancellor is expected to announce funding during the next spending review, scheduled for 26 March.
  • Great British Energy previously advertised contracts worth £20bn in total for SMR technology partners. 

Historical bullets

FED: US TSY 17W AUCTION: NON-COMP BIDS $584 MLN FROM $64.000 BLN TOTAL

Jan-29 16:15
  • US TSY 17W AUCTION: NON-COMP BIDS $584 MLN FROM $64.000 BLN TOTAL

MACKLEM: TARIFF SCENARIO SHOWS WHAT SOME WOULD CALL RECESSION

Jan-29 16:08
  • MACKLEM: TARIFF SCENARIO SHOWS WHAT SOME WOULD CALL RECESSION

BONDS: Light Pressure Alongside TTF Rally

Jan-29 15:59

Light pressure for bonds with some pointing to the continued uptick in European natural gas prices as the driver. Little else out there from an explanatory perspective.