The gilt market will hover over any Labour leadership contest | Nils Pratley

The Iran war is the bigger story – but the bond market is primed to deliver a kick if extreme positions arise from a formal raceIt is a mistake to think every twitch in the price of UK government debt is caused by the latest instalment in the great Labour leadership meltdown. Waiting for Wes is not the only drama in town for your average bond vigilante. Resolution – or not – to the Iran conflict is still the bigger story.Those vigilantes will not be ignoring events in Westminster, obviously. It’...