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The yield on 10-year UK government bonds hit a 14-month low, as market uncertainty intensified. The uncertainty surrounding AI interference, US trade policy, and geopolitical tensions has caused the yield on UK 10-year government bonds to drop to a 14-month low in early trading, as investors seek safe assets. The focus in the UK is also on a special election in Gordon and Denton on Thursday. If the ruling Labour Party loses, it could further pressure Prime Minister Keir Starmer. Tradeweb data shows that the latest yield on 10-year UK government bonds is 4.314%, after briefly touching a low of 4.308%.
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