, Columnist
Gilt Market Tumult Signals Worse to Come
Bond vigilantes aren’t getting the answers they need from Labour.
What do they have to laugh about?
Source: JACK HILL/AFPHow many warnings from the bond market does this Labour government need?
The stumble last week by Prime Minister Keir Starmer failing initially to give his full-throated backing to Chancellor of the Exchequer Rachel Reeves caused a sharp selloff in UK government gilts, which mostly unwound in the days that followed, but it still left 30-year yields 10 basis points higher.