As It Happened: Ministers Resign as Gilt Yields at 28-Year High

Labour Leadership: Bond Market Lessons

Gilt Market Volatility Demands Caution, Not Control LONDON – The gilt market continues to exhibit significant volatility, prompting analysts to advise respect over attempted manipulation. Experts warn that forceful intervention could trigger unforeseen consequences. Underlying factors: Inflationary pressures and shifting Bank of England policy are key drivers of the current instability. Expert consensus: The market’s complexity makes it resista…

As it happened: Ministers resign as gilt yields at 28-year high

The Westminster political drama rocked the bond markets with gilt yields surging to a 28-year high. The yield on 30-year gilts surged 13 basis points on Tuesday to hit 5.8 per cent. It comes as nearly 80 Labour MPs have now called for the resignation of the Prime Minister and reports suggest numerous members of the cabinet will also call for a timetable of his exit. The UK 10-year yield also moved on the news, spiking 10 basis points to 5.1 per …

Gilts plunge to 28-year low as Starmer clings on, leaving SMEs braced for borrowing squeeze

Britain’s bond market delivered its sharpest rebuke yet to Sir Keir Starmer’s premiership on Tuesday, with 30-year gilt yields climbing to their highest level this century as the prime minister stared down a growing chorus of Labour MPs demanding he step aside. The sell-off, which dragged sterling and equities lower in lockstep, wiped out the relief rally that followed Starmer’s defiant intervention last week. Tuesday’s cabinet meeting, at which…

Starmer unrest hits markets - what rising gilt yields mean for pensions and mortgages