Live Updates > Live Update Details
2025-09-16 16:01:59
UK 10-Year Gilt Yield Holds Steady at 4.64% (1) The UK 10-year gilt yield last traded at 4.64%, with investors remaining cautious ahead of the Bank of England's decision and key data releases. (2) The Bank of England is expected to maintain interest rates at 4% on Thursday while slowing its £100 billion annual balance sheet reduction. (3) Wage growth, excluding bonuses, was 4.8% (4.7% including bonuses), in line with expectations. The unemployment rate remained stable at 4.7%, while the 8,000 decrease in wage employment was better than expected. (4) Data suggests a gradual slowdown in the labor market, rather than a collapse, leaving expectations for a Bank of England rate cut largely unchanged. (5) The market is focused on August CPI data (expected to be 3.8% year-on-year) and retail sales. (6) The Federal Reserve is expected to cut interest rates by 25 basis points on Wednesday, with markets pricing in at least two more rate cuts before the end of 2025.
