James Hirai

(Bloomberg) -- The UK bond market tumbled, driving long-term bond yields back to the highest in nearly three decades, as speculation over Prime

Gilts tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the UK prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy.

Los bonos del gobierno británico se desplomaron después de que el alcalde de Manchester, Andy Burnham, aseguró una vía para desafiar potencialmente a Keir Starmer por el cargo de primer ministro. Inversores temen que la salida de Starmer podría derivar en una política fiscal más expansiva.

Although Manchester Mayor Andy Burnham said that his remarks last year about the country being 'in hock' to bond markets were taken out of context, it nonetheless spooked investors.

UK bonds edged higher on Monday, though yields remained near multi-year highs as investors weighed the fiscal implications of Manchester Mayor Andy Burnham potentially challenging for UK Prime Minister.

After starting the week at their highest in almost three decades, yields on long-dated gilts are poised for their biggest drop in more than two years.

Treasuries hovered near a three-week high ahead of this week’s first batch of jobs numbers that could cement the case for the Federal Reserve to deliver an interest-rate hike under new Chair Kevin Warsh.

(Bloomberg) -- Treasuries retreated from near their best levels of the past month as the first of three labor-market reports this week backed wagers that the Federal Reserve's next move will be to raise interest rates.

Treasuries slid, heading for their biggest drop in more than two weeks, after an escalation in US-Iran tensions lifted oil prices and added to expectations that the Federal Reserve may raise interest rates this year.