Downing Street resignations trigger bond market jitters
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UK bond markets are experiencing jitters following a series of resignations from Downing Street, including communications chief Tim Allan and chief of staff Morgan McSweeney. The 10-year gilt yield rose to 4.57%, reflecting investor concerns over Prime Minister Sir Keir Starmer's leadership stability. The yield curve has widened significantly, indicating a loss of confidence in the long-term credibility of the UK economy. Despite these challenges, Starmer's allies are advocating for stability and consistency in leadership, rejecting calls for a no-confidence vote.
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