Gilts Drop as Calls Grow for UK Prime Minister to Step Down
Prime Minister Keir Starmer during a speech in London, on May 11.
Photographer: Carl Court/Getty Images
UK government bonds slid as calls grew for UK Prime Minister Keir Starmer to step aside following his party’s large losses in local elections last week.
Yields on 30-year gilts, which are sensitive to political and fiscal risks, rose almost 10 basis points to 5.68%. The pound fell 0.1% versus the dollar and the euro.