Episode Details

UK gilts plummeted as investors brace for potential political turmoil from Manchester Mayor Andy Burnhams possible challenge against Prime Minister Keir Starmer. Burnhams left-leaning stance and potential spending plans have bond pros worried, while inflation fears and energy cost hikes further strain the market. Gilts need to drop more to become attractive, with some predicting yields to reach six percent and five percent for thirty-year and ten-year bonds, respectively. Burnhams positive approval rating and past fiscal hints have markets on edge, awaiting his next moves.

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