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2025-10-31 16:54:37
[UK gilt yields rise following US and European bond markets] ⑴ UK gilt yields climbed, following the trend of the US and Eurozone bond markets. ⑵ Investors lowered their expectations for interest rate cuts by major central banks in the coming months. ⑶ The Federal Reserve cut rates on Wednesday but indicated it might not act again in December; the European Central Bank kept rates unchanged on Thursday. ⑷ Expectations for rate cuts in the US and Eurozone declined, and expectations for a rate cut in the UK also decreased. ⑸ The money market estimates a 62% probability of a Bank of England rate cut before the end of 2025, a decrease of 10 percentage points from a week ago. ⑹ The 10-year UK gilt yield rose 2.2 basis points to 4.430%.
