A potential challenger to UK Prime Minister Keir Starmer sets out a policy platform that includes high public borrowing. But the gilt market is already jittery about the future. Can anyone make it work? Get The Readout with @h_chandlerwilde https://t.co/BuIMVJWaAF ...

The UK’s gilt market jitters are starting to impact demand at government auctions as fiscal concerns grow ahead of the budget in November https://t.co/k2gYC3gFOK ...

Geopolitical & Market Optimism - Markets showed slightly higher optimism due to potential peace deal progress, particularly benefiting European equities [3][4] - Global markets outside Europe stagnated, indicating optimism is not universally shared [5] UK Inflation & Bond Market - UK inflation remains significantly above target, raising concerns about undermined UK data [6] - Long-end gilt yields are rising, mirroring a global trend in rising yields, including Chinese yields [7] - Bond vigilante isms are creeping back into the market, potentially accelerating after Jackson Hole [8] Bond Yields & Jackson Hole - Higher bond yields are seen as a potential problem for global stocks in the coming weeks [9] - Expectations are that Jerome Powell will aim to say very little at Jackson Hole, avoiding validation of a September rate cut unless data is very poor [9][10] - A slightly hawkish stance from Powell is anticipated, potentially disappointing the market [10]

UK Public Debt & Gilt Market - UK public debt has reached levels last seen in the 1960s [1] - Restructuring in the gilt market is making it more difficult to finance UK public debt [1] Government & Fiscal Policy - The report questions whether the government will be able to take the big decisions needed regarding public debt and gilt market [1]