The yield on the UK 10-year gilt edged down to 4.83% after rising over the previous two sessions, as investors awaited further developments surrounding the country's political leadership. Speculation has intensified that Prime Minister Keir Starmer could announce his resignation, paving the way for a new Prime Minister. Reports suggest that Starmer may outline a timetable for his departure on Monday and oversee an orderly transfer of power to Andy Burnham following the Greater Manchester mayor's victory in last week's by-election. However, such a move remains far from certain. Markets are also looking for greater clarity on the political transition and Burnham's fiscal policy plans, with few concrete details emerging so far. Investors remain particularly concerned about the prospect of increased gilt issuance to finance higher public spending, a scenario that could further strain the UK's already fragile fiscal position and elevated debt burden.