According to Jin10, analysts James Smith and Chris Turner from ING Bank have indicated that political developments in the UK are expected to play a crucial role in shaping the trajectory of UK sovereign bonds. The Bank of England's recent interest rate decision on Thursday hinted at the possibility of further rate cuts, which should have supported UK bonds. However, internal political tensions within the ruling Labour Party may continue to dominate the direction of the UK sovereign bond market. The yield on the 10-year UK government bond recently fell by 1.6 basis points to 4.522%. Earlier, concerns over potential leadership changes had pushed the yield to 4.594%, marking a two-and-a-half-month high.