UK gilt yields are spiking at market open. 30-year rates up 10 basis points to 5.78% 10-year rates are up 8.5 basis points to 5.089%. The pound is down 0.5% against the dollar. Bond traders making their bets…
Starmer loyalist and Housing Secretary Steve Reed told Sky News that Starmer should not be replaced:
“We saw what the Tories did. They were in power for 14 years, and after 2016, I think we had nine education secretaries, seven chancellors, and five Prime Ministers. Doomscrolling through Prime Ministers doesn’t resolve the problem.”