Story perspectives

Burnham Win May Spark Gilt Volatility, Leadership Fight

6/11/2026

Summary

Story summary

Bond investors warn that the Makerfield by-election on June 18 could spark volatility in the United Kingdom’s $3 trillion gilt market.
BNP Paribas Asset Management, Neuberger Berman and Allspring Global Investments are among the firms issuing the warning.
A victory for Labour candidate Andy Burnham could enable him to challenge Prime Minister Keir Starmer for party leadership.
Burnham previously downplayed the importance of bond markets and has not clarified his fiscal plans.

1 of 1

Story summary

Bond investors warn that the Makerfield by-election on June 18 could spark volatility in the United Kingdom’s $3 trillion gilt market.
BNP Paribas Asset Management, Neuberger Berman and Allspring Global Investments are among the firms issuing the warning.
A victory for Labour candidate Andy Burnham could enable him to challenge Prime Minister Keir Starmer for party leadership.
Burnham previously downplayed the importance of bond markets and has not clarified his fiscal plans.