Gilt yields spiked at the news that Andy Burnham has a path to SW1. The pound also fell against the dollar. Things then calmed down as everyone was briefed about every possible way in which Starmerites might stop him…
The ten-year gilt yields here:
Such warnings have been going around since summer last year when Guido kicked off the Burnham speculation. Whatever the Starmerites say Burnham has large amounts of political clout and he will be a hard person to say no to. They know this, which is why all the briefing is going out now to try to prevent Burnham even making the ask…
Traders are no fan of a candidate who claims Labour is “in hock to the bond markets.” This is just a taste of the Burnhamcoaster in store…
On Greenland, President Trump said during his Davos speech:
“All I’m asking for is a piece of ice, cold and very poorly located. It’s a very small ask considering what we’ve given them [NATO] for decades..We want a piece of ice for world protection. ”
