--- title: "随着对首相斯塔默的压力加大，长期英国政府债券收益率跃升至多年高位" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/286063868.md" description: "英国 30 年期政府债券收益率达到自 1998 年以来的最高水平，这一情况是由于对首相基尔·斯塔默（Keir Starmer）领导能力的担忧，尤其是在工党地方选举失利的背景下。投资者担心工党领导层可能出现向左转的趋势，这可能导致政府支出增加，进一步影响公共财政，并推动国债收益率上升。英镑对欧元和美元也出现下跌。分析师警告称，围绕斯塔默未来的政治不确定性可能会对英镑和国债产生负面影响，领导层的变动可能带来左翼政策和更高公共支出的风险" datetime: "2026-05-12T08:46:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286063868.md) - [en](https://longbridge.com/en/news/286063868.md) - [zh-HK](https://longbridge.com/zh-HK/news/286063868.md) --- # 随着对首相斯塔默的压力加大，长期英国政府债券收益率跃升至多年高位 By Renae Dyer and Miriam Mukuru Yields on 30-year U.K. government bonds rose to their highest since 1998 and sterling fell Tuesday as fiscal concerns mounted on the prospect of Prime Minister Keir Starmer stepping down. Starmer faced a crucial cabinet meeting Tuesday as he tried to avert a leadership challenge after Labour had significant losses in last week's local elections. Some investors are concerned that should a more left-leaning Labour leader replace Starmer, this could lead to increased government spending and worsen public finances. Such a scenario would likely push gilt yields even higher and weaken sterling, analysts said. "A leadership contest whether immediate or more drawn out will add to political uncertainty in the near term, which is negative for the pound and gilts. The risk of a bigger selloff will increase if Labour shifts toward the left," Lee Hardman, senior currency analyst at MUFG, said. Yields on 30-year U.K. government bonds, known as gilts, rose to a high of 5.802%, surpassing the previous week's peak, according to LSEG data. Ten-year gilt yields rose 11 basis points to a seven-week high of 5.116%, Tradeweb data showed. Sterling fell to a near three-week low against the euro at 0.8697 pounds and a one-week low of $1.3499 against the dollar in early European trade, according to LSEG data. By Monday evening local time, 75 of Labour's 403 lawmakers had publicly called on Starmer to resign and make way for another leader. "In the markets, the focus seems to be shifting less and less on whether, and more on when, Starmer will have to step down," Commerzbank foreign-exchange analyst Michael Pfister said in a note. What matters most are the views of any successor, Pfister said. Even though Starmer has become unpopular, he has aimed to balance the budget and potential successors might see things differently, he said. If there is a U.K. leadership change, it risks a shift toward left-wing policies which could favor higher public spending and potentially more government borrowing, Berenberg economist Andrew Wishart said in a note. That would put a risk premium on U.K. assets, he said. Write to Renae Dyer at renae.dyer@wsj.com and Miriam Mukuru at miriam.mukuru@wsj.com (END) Dow Jones Newswires May 12, 2026 04:39 ET (08:39 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### 相关股票 - [IGLT.UK](https://longbridge.com/zh-CN/quote/IGLT.UK.md) - [8306.JP](https://longbridge.com/zh-CN/quote/8306.JP.md) - [MUFG.US](https://longbridge.com/zh-CN/quote/MUFG.US.md) - [LSEG.UK](https://longbridge.com/zh-CN/quote/LSEG.UK.md) - [TW.US](https://longbridge.com/zh-CN/quote/TW.US.md) - [CBK.DE](https://longbridge.com/zh-CN/quote/CBK.DE.md) - [CBK.NA](https://longbridge.com/zh-CN/quote/CBK.NA.md) ## 相关资讯与研究 - [5.15% 收益率失效？英镑深陷 “高息陷阱”！3 大隐患曝光](https://longbridge.com/zh-CN/news/286774876.md) - [英国国债收益率走高 伯纳姆准备挑战斯塔默](https://longbridge.com/zh-CN/news/286541027.md) - [英国政坛动荡引发金融震荡，英债收益率创 28 年新高](https://longbridge.com/zh-CN/news/286061149.md) - [英国下一任准首相在国债遭抛售后试图维稳情绪，英国国债行情趋于平稳](https://longbridge.com/zh-CN/news/286739811.md) - [全球长债同时崩盘，一场没上头条的危机](https://longbridge.com/zh-CN/news/286999064.md)