Kathleen Brooks, an analyst at EU financial brokerage firm XTB, said in a report that the possibility of political turmoil in the UK is driving up bond yields. The market is digesting the possibility that the Chancellor of the Exchequer may be replaced by a more left-wing successor. This has made the bond market uneasy and revived the previously silent “bond guard”.

Kathleen Brooks, an analyst at EU financial brokerage firm XTB, said in a report that the possibility of political turmoil in the UK is driving up bond yields. The market is digesting the possibility that the Chancellor of the Exchequer may be replaced by a more left-wing successor. This has made the bond market uneasy and revived the previously silent “bond guard”.