"PA says: Yields on 10-year-gilts, which move counter to the price of the bonds, rose by 3 basis points to 4.42% in early trading. The yield on the longer-term 30-year-gilt also rose by a similar amount. The rise come after yields had dropped significantly on Tuesday after rising unemployment and falling wage growth prompted predictions of interest rate cuts. The value of the pound also moved 0.02% higher to 1.315 against the dollar."
"All governments are collections of people who don't always agree, and don't always get on, but who largely keep their disagreements in private. But sometimes the disputes get quite serious, and sometimes they become public. The Guardian is today leading on a report by Pippa Crerar, the political editor, who has discovered that Keir Starmer's most senior aides are so worried that he could face an imminent leadership challenge that they have started briefing against potential rivals."
UK gilt yields ticked higher in early trading, with 10-year yields rising three basis points to 4.42% and 30-year yields increasing by a similar margin. Yields had fallen sharply on Tuesday after data showing rising unemployment and slower wage growth heightened expectations of interest-rate cuts. The pound strengthened slightly to about $1.315. Government allies issued late briefings defending the prime minister amid fears of an imminent leadership challenge ahead of the budget. Senior aides reportedly began briefing against potential rivals, and allies warned that removing the prime minister could risk market instability, with one senior minister named as a possible threat.
Read at www.theguardian.com
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