'Bond markets on edge' as King Charles sets out fragile U.K. government's agenda

Britain's King Charles III will set out the agenda of a fragile U.K. government on Wednesday after Prime Minister Keir Starmer faced down calls for his resignation that sparked heavy selling pressure on gilts in the previous session.

The State Opening of Parliament and King's Speech, a grand affair in which the monarch presents the government's legislative agenda for the next parliamentary period, comes as Starmer's political leadership is threatened by the political fallout of the ruling Labour Party's poor performance in local elections last week.