Analyst: UK Chancellor may be replaced by a left-leaning successor, triggering a dramatic reaction in the bond market.
Jin10 reported on July 2 that Kathleen Brooks, an analyst at the EU financial broker XTB, stated in a report that the likelihood of political turmoil in the UK is driving up bond yields. The market is digesting the possibility that the Chancellor of the Exchequer could be replaced by a more left-leaning successor, which has unsettled the bond market and revitalized the previously dormant "bond vigilantes."