UK gilt yields reach 1998 highs as Starmer faces exit
UK borrowing costs hit 1998 highs as Keir Starmer faces a leadership crisis. Sterling and stocks fell as investors worry about future fiscal discipline.
Xurve View
Insights:
Xurve View
United Kingdom 30-year bond yields rose to 5.80%, their highest since 1998, as Prime Minister Keir Starmer faces a leadership challenge. The surge follows local election losses and the resignation of ministerial aides on Tuesday morning. Investors fear a left-wing successor will increase spending, further straining the G7's most expensive public finances.
