Detail-lite Burnham speech unnerves jittery bond market Markets Andy Burnham risks sparking a bond market rout unless he sets out how he will fund the ambitious measures announced in his first set piece speech since Keir Starmer’s resignation, a group of bond investors have said. Fixed income specialists told Morning Wire that while the former Manchester mayor’s vow to stick with his predecessor’s [...]
Starmer future speculation sparks sell-off in long-dated bonds and pound Markets Speculation over Keir Starmer’s future has unleashed a fresh round of market unease, with investors dumping the pound, UK equities and long-dated government bonds amid the political uncertainty. The gulf in price between the UK’s short- and long-term debt – known as the yield curve – reached its highest since 2018, in a sign investors [...]