UK 10-year bond yields surge to 5.168%, a high since June 2008, amid potential leadership challenge to PM Sir Keir Starmer by Andy Burnham, exacerbating investor concerns over debt repayment and policy uncertainty.
UK borrowing costs spike and the pound falls as markets react to Andy Burnham's potential Labour leadership bid, signaling concerns over increased borrowing under his leadership.
UK government borrowing costs surge to an 18-year high and the pound falls amid market concerns over Andy Burnham's potential Labour leadership, citing fears of increased borrowing under his leadership.
UK government bond yields have surged and the pound has fallen to a five-week low as markets react to Andy Burnham's potential bid for the Labour leadership, signaling investor concern over political instability and future fiscal policy.
UK government borrowing costs and 10-year bond yields have increased, while the pound has fallen against the dollar, amid market concerns over Andy Burnham's Labour leadership bid, which is perceived as potentially leading to increased borrowing and a shift to the left.
The UK bond market is experiencing significant volatility, with long-term yields hitting 28-year highs. Investor jitters stem from potential Labour leadership changes and the rising influence of the Reform Party, signaling concerns over future fiscal policy.
Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership changeBusiness live – latest updatesUK politics live – latest updatesLong-term UK borrowing costs soared to the highest level in almost three decades on Tuesday as fears about a change of Labour leadership triggered investor jitters and warnings of further bond market turmoil.With investors worried about potential changes to Labour’s tax and spending plans, the yield – in effect the interest rate – on 30-year government bonds, or gilts hit a high on Tuesday of 5.81%, a rise of 14 basis points and the highest since 1998. Continue reading...
The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher.
The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher.
The possibility of a change of leadership in the UK has unsettled some investors and sent bond yields higher.
More than 70 Labour MPs have called on Keir Starmer to resign.
Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership changeBusiness live – latest updatesUK politics live – latest updatesLong-term UK borrowing costs have soared to the highest level in nearly three decades while the pound and stocks fell, as investors braced for a potential change of leadership, with cabinet ministers urging Keir Starmer to quit.Starmer is consulting colleagues before a crunch cabinet meeting on Tuesday morning that comes after ministerial aides quit and more than 70 MPs publicly called for him to go. Continue reading...
The cost of UK government borrowing has hit a high not seen in decades as Prime Minister Keir Starmer faces mounting threats to his leadership and the oil price rises.
The cost of UK government borrowing has hit a high not seen in decades as Prime Minister Keir Starmer faces mounting threats to his leadership and the oil price rises.
The cost of UK government borrowing has hit a high not seen in decades as Prime Minister Keir Starmer faces mounting threats to his leadership and the oil price rises.
Rolling coverage of the latest economic and financial newsStarmer on the brink as cabinet ministers urge him to quitThe London stock market has opened in the red.The blue-chip FTSE 100 share index fell by as much as 1.1% at the start of trading, down 117 points to 10,152 points. That’s its lowest level since the end of March.Back at home, rising government borrowing costs aren’t helping either, with Prime Minister Sir Keir Starmer’s leadership under increasing pressure. The potential for a fiscally looser successor may be weighing on rate expectations, but the inflationary influence of higher-for-longer oil prices is likely to be the bigger driver. Continue reading...
Bond yields creep higher on concerns about potential for political instability and rising inflationBusiness live – latest updatesUK politics live – latest updatesThe cost of government borrowing has crept higher as Keir Starmer’s crucial speech failed to dispel investor “jitters” in the bond markets over political instability combined with fears of rising inflation.The yield, effectively the interest rate, on the benchmark 10-year UK government bonds (known as gilts) rose eight basis points (or 0.08 of a percentage point) to 5% on Monday. Continue reading...
Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival Elections 2026 – live updatesBusiness live – latest updatesUK government borrowing costs fell and the pound rose on Friday as Keir Starmer vowed to remain as prime minister despite the Labour party losing hundreds of council seats across England.Investors calculated that some of the intense pressure on Starmer’s leadership had eased, as Labour appeared on track for smaller losses than election experts had predicted. Continue reading...
Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival Elections 2026 – live updatesBusiness live – latest updatesUK government borrowing costs fell and the pound rose on Friday as Keir Starmer vowed to remain as prime minister despite the Labour party losing hundreds of council seats across England.Investors calculated that some of the intense pressure on Starmer’s leadership had eased, as Labour appeared on track for a smaller losses than election experts had predicted. Continue reading...
Bond yields end the day flat as fears ease that Labour leader will be replaced by a more leftwing rivalElections 2026 – live updatesBusiness live – latest updatesUK government borrowing costs fell and the pound rose on Friday as Keir Starmer vowed to remain as prime minister despite the Labour party losing hundreds of council seats across England.Investors calculated that some of the intense pressure on Starmer’s leadership had eased, as Labour appeared on track for smaller losses than election experts had predicted. Continue reading...
Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival Elections 2026 – live updatesBusiness live – latest updatesUK government borrowing costs fell and the pound rose on Friday as Keir Starmer vowed to remain as prime minister despite the Labour party losing hundreds of council seats across England.Investors calculated that some of the intense pressure on Starmer’s leadership had eased, as Labour appeared on track for smaller losses than election experts had predicted. Continue reading...
Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challengeFull story: UK’s long-term borrowing costs hit highest level since 1998HSBC profits fall amid $400m fraud-related charge and Iran warAustralia hikes interest rates to 4.35% in blow to mortgage holdersThose credit losses have “overshadowed” HSBC’s results in the last quarter, reports Will Howlett, financials analyst at Quilter Cheviot:HSBC’s quarter was dominated by a sharp and unexpected jump in credit losses, which took the shine off otherwise solid trading and pushed profits just below expectations. A $400m fraud-related loss in the UK drove a marked rise in bad loan charges and has put fresh focus on the risks sitting within more complex lending, even as the rest of the loan book remains stable.Profits were broadly flat on last year, as higher income was absorbed by rising costs and credit charges. Revenues grew 4%, slightly ahead of expectations, helped mainly by fees rather than interest income. Wealth management continued to perform well, though growth has slowed from last year’s pace.“HSBC’s results always bring more of an international flavour than its UK peers. Unfortunately that means the Hormuz crisis looms large in the results, casting a shadow over an otherwise solid set of numbers.The theme is grimly familiar to investors; were it not for the crisis, earnings outlooks would be much rosier. The warnings around the economic impact will only continue to grow the longer the situation remains unresolved.” Continue reading...
UK long-term borrowing costs have risen to their highest level since 1998, with 30-year bond yields above 5.7% and 10-year yields at levels not seen since July 2008. Oil prices surged to a new Iran war peak with Brent Crude exceeding $120 per barrel amid fears of extended disruption to energy flows through the Strait of Hormuz. The FTSE 100 fell nearly 1.2% as investors weighed the economic impact of potential prolonged Middle East conflict. The Federal Reserve kept interest rates steady while noting rising inflation concerns, with the Bank of England and ECB set to make their decisions on Thursday.
UK long-term borrowing costs have reached their highest level since 1998, with 30-year gilt yields above 5.7%, the highest in the G7. Oil prices have surged to new Iran war peaks, with Brent Crude exceeding $119.50 amid fears of extended disruption to energy flows through the Strait of Hormuz. The yield increases reflect investor concerns over UK public finances and sticky inflation, while rising energy prices are expected to feed through to households via fuel, heating, food and other goods.
