The ten-year UK gilt yield briefly hit 5.13%, approaching highs last seen during in 2008. A 3 p.m. gilt market snapshot:
The 30-year briefly touched 5.81%, the highest since 1998. The pound slid 0.7% to $1.3517, FTSE 100, fell 0.5%. Labour’s civil war is crashing the economy…
Paula Barker, Liverpool Wavertree MP backing Andy Burnham, told Times Radio there wouldn’t be trouble from the markets under Burnham:
“The markets will have to fall in line.”