[Morgan Stanley: UK Political Risk Premium Declines as Burnham Becomes Prime Minister] According to a report by Golden Finance on July 20, Morgan Stanley strategists stated in a report that with Andy Burnham set to become the new UK Prime Minister on Monday, the UK's political risk premium is decreasing. These strategists noted that geopolitical concerns continue to weigh on UK government bonds, but political concerns are easing. They added that if tensions in the Middle East subside, UK government bond yields are expected to decline.