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2025-08-01 16:35:15
UK 10-Year Gilt Yield Surges 7 Basis Points, Largest Gain in a Month (Note: The following appears to be unrelated text fragments and should be omitted.) ⑴ On Friday (August 1st) Beijing time, the benchmark 10-year UK gilt yield surged 7 basis points. ⑵ This marked the largest single-day increase since July 2nd, as investors digested the impact of tariff rhetoric on Canada, India, and other countries. ⑶ At 4:24 PM Beijing time that day, the 10-year UK gilt yield was 4.641%, slightly down from its intraday high of 4.653%. ⑷ In comparison, US and German bond yields of the same maturity rose by approximately 3 basis points over the same period. ⑸ The 30-year UK gilt yield also rose 7 basis points to 5.446%. ⑹ The 2-year gilt yield rose 3 basis points, ahead of the Bank of England's expected interest rate cut next week. ⑺ LSEG data shows that financial markets believe the probability of a 25 basis point rate cut by the Bank of England on August 7th exceeds 80%. ⑻ It is expected that the interest rate will drop from 4.25% to 4% after the rate cut, and the possibility of another 25 basis points cut to 3.75% before the end of the year is also similar.
