British government bond yields edge higher as Burnham becomes PM

British government bond (gilt) yields rose around 2-3 basis points across the curve as Andy Burnham became UK Prime Minister, with investors pricing in one or possibly two quarter-point rate hikes by the Bank of England this year. The 10-year gilt yield stood at 4.9824%, up 3 bps on the day, a slightly larger move than in French, German, or US equivalents.