Damo: With Burnham as British Prime Minister, the British political risk premium fell

On 20 July, Morgan Stanley strategist stated in a report that the British political risk premium had declined with Andy Burnham coming to the post of new British Prime Minister on Monday. The strategists stated that geopolitical concerns continued to press British Treasury debt, but political concerns were easing. They indicated that if tensions in the Middle East eased, the return on British Treasury debt was expected to decline。