UK Bonds Rally as Starmer Says He’ll Stay as Prime Minister
Keir Starmer meets Labour Party members in Ealing, west London, on May 8.
Photographer: Stefan Rousseau/PA/AP PhotoUK government bonds rallied as Prime Minister Keir Starmer vowed to remain in his job despite his party’s election losses.
Yields on 30-year gilts, which are more sensitive to political and fiscal risks, fell seven basis points to 5.57%. The bonds were on track for their best week in a month, recovering from an earlier selloff fueled by concerns that the local elections could put Starmer’s position at risk.