UK 10-year government bond yields fall below recent highs, elections are drawing attention

Voting for parliamentary elections was held in England, Scotland, Wales, and Northern Ireland, and the UK 10-year government bond yield was around 4.18% on Thursday, below the 4.28% we touched on Monday.

The center-left Labor Party is in the lead in opinion polls, and it seems that they will defeat Prime Minister Rishi Sunak's Conservative Party.

There is also a prediction showing the possibility that the Labor Party will win a majority, and this will be their first general election victory since 2005.

Some analysts predict that this political shift will have a positive impact on the pound, the stock market, and investment in the UK, and restore the UK's reputation as a “safe haven” amid political uncertainty in other regions.

The Labor Party has promised not to implement tax increases or austerity measures, and instead plans to focus on “pro-business, pro-workers” while introducing a new industrial strategy.