UK 10-year gilt yields topped 5% as Iran and the US traded strikes again, complicating Andy Burnham's first days as prime minister.

UK two-year gilt yield hits a one-month high amid US-Iran tensions. Final nuclear deal by August 13, 2026 at 2.1% YES.

UK borrowing costs have sailed past five per cent for only the third time since the onset of the Iran war, in a headache for Andy Burnham