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2025-12-19 01:54:42
[Two-year UK gilt yields rose by about 4 basis points on the day of the Bank of England's rate cut, as investors were disappointed with the wording of the central bank's policy statement] In late European trading on Thursday (December 18), the yield on 10-year UK gilts rose 0.7 basis points to 4.482%, quickly rising from below 4.450% to nearly 4.5% after the Bank of England announced its rate cut at 20:00 Beijing time. The yield on two-year UK gilts rose 3.7 basis points to 3.744%, having held steady below 3.7% before the Bank of England's policy statement and continuing to trade around 3.75% after the statement was released. The central bank's statement said, "We continue to believe that interest rates will decline gradually... but after each rate cut, the next cut will face a more difficult choice."
