Politics
UK Bonds Fall as Burnham Win, Oil Prices Renew Fiscal Concerns
Key Points
UK Bonds Fall as Burnham Win, Oil Prices Renew Fiscal Concerns The UK’s government bonds fell on Friday as higher oil prices renewed concerns over inflation and a win by Andy Burnham in a special election increased the country’s political uncertainty. Yields on 10-year gilts rose five basis points to 4.81%, underperforming European peers. Global bonds took a hit with Brent crude climbing back above $80 a barrel as the US and Iran postponed the start of negotiations over a permanent peace deal.
UK Bonds Fall as Burnham Win, Oil Prices Renew Fiscal Concerns
The UK’s government bonds fell on Friday as higher oil prices renewed concerns over inflation and a win by Andy Burnham in a special election increased the country’s political uncertainty.
Yields on 10-year gilts rose five basis points to 4.81%, underperforming European peers. Global bonds took a hit with Brent crude climbing back above $80 a barrel as the US and Iran postponed the start of negotiations over a permanent peace deal.