The Gilt Market Will Hover Over Any Labour Leadership Contest The Labour leadership contest has been making waves in Westminster, but its impact on the gilt market is more nuanced.
While some analysts claim that the UK's government debt yields are being held hostage by the ongoing drama in Westminster, a closer look reveals that the situation is far more complex.
The recent surge in 10 year gilt yields can be attributed to several factors. The ongoing Iran conflict has driven up oil and gas prices, leading to higher inflationary pressures for the UK.