British government bond yields edge higher as Burnham becomes PM
BRITAIN-BONDS/British government bond yields edge higher as Burnham becomes PM
By Reuters |
British government bond yields inched upwards on Monday as Andy Burnham is set to become the country's seventh prime minister in the last decade after being appointed leader of the governing Labour Party, replacing Keir Starmer.
Gilt yields were up around 2-3 basis points across the curve and investors were pricing in one or possibly two quarter-point interest rates hikes by the Bank of England this year.
The 10-year gilt yield was last at 4.9824%, up 3 bps on the day, a slightly bigger rise than seen in equivalent French, German or U.S. debt
Gilt yields were up around 2-3 basis points across the curve and investors were pricing in one or possibly two quarter-point interest rates hikes by the Bank of England this year.
The 10-year gilt yield was last at 4.9824%, up 3 bps on the day, a slightly bigger rise than seen in equivalent French, German or U.S. debt
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Trump says he had 'very good conversation' with new British PM Andy BurnhamADVERTISEMENT
