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UK bond market holds steady after election blow for PM Starmer

Fri, 08th May 2026 08:13

LONDON, May ​8 (Reuters) - ⁠British government ​bond prices were little ​changed ‌on Friday ⁠after early results ⁠of ​local elections showed Keir Starmer's Labour Party ​suffered ‌heavy losses.

The yield on 30-year gilts, ​which this week ‌hit their highest since 1998 ‌on worries about a possible change ​in political leadership and the ‌government's borrowing plans as well the ⁠impact ⁠of the ‌Iran war, were ​unchanged ​at ‌5.632%.

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