UK 30-year gilt yields hit 5.81%, a 28-year high, on reports that more than 80 Labour MPs are pushing Starmer out. A 5-year gilt auction cleared at 4.651%, up 42 basis points from the prior auction.
UK 5-year gilt yields rose to 4.651% in the May 12 auction as investors positioned ahead of potential Bank of England signals during a quiet data window. Source
