The 10-year UK government bond yield rose above 4.7%, hovering near its highest level since May 2025, following gains in European peers amid rising political turmoil in France ahead of a confidence vote on September 8. Concerns over elevated UK debt also weighed on gilts, as investors awaited the Autumn Budget and closely monitored Treasury Committee questioning of Bank of England policymakers for signals on future rate cuts and potential adjustments to the central bank’s quantitative tightening program. Elsewhere, attention turns to US jobs data this week, with markets pricing in growing expectations of a Fed rate cut later this month, while investors continue to follow Fed Governor Lisa Cook’s legal fight to block her dismissal by President Trump.