Yields on U.K. government bonds, or gilts, decline as Burnham delivers his first speech since announcing his candidacy for the prime minister role. Burnham vows to drive economic growth in every part of the U.K. and reduce the welfare bill in a "fair and lasting" manner. The announcement calmed concerns about high public spending in the U.K. Ten-year gilt yields fall 0.7 basis points to last trade at 4.726%, Tradeweb data show. (miriam.mukuru@wsj.com)