Impacted by the political crisis and inflation concerns in the UK, British government bond yields have risen.

As British Prime Minister Keir Starmer faces increasing pressure to step down following a poor performance by the ruling Labour Party in local elections last week, political uncertainty has led to a rise in UK government bond yields. Cabinet members and over 70 lawmakers have already called for the Prime Minister to resign. High energy prices and inflation concerns have also driven up UK government bond yields. Data from Tradeweb shows that the 10-year UK government bond yield has increased by 9 basis points to a latest rate of 5.088%.