Live Updates > Live Update Details
2026-04-09 16:27:27
[UK 10-Year gilt yield rises to 4.72%, driven by both ceasefire and inflation risks] ⑴ On Thursday, the yield on UK 10-year gilts rose 7 basis points to 4.72%, rebounding from a 19 basis point drop in the previous session. ⑵ Uncertainty surrounding the fragile two-week ceasefire agreement between the US and Iran exacerbated market concerns about energy-driven inflation. ⑶ Israel launched its most intense airstrike to date on Lebanon, causing hundreds of casualties and triggering threats of retaliation from Iran. Iran rejected the possibility of further talks with the US, while the continued blockade of the Strait of Hormuz further strained the already fragile ceasefire. ⑷ Against this backdrop, traders again increased their bets on policy tightening, with the market now expecting at least one interest rate hike by the Bank of England by the end of 2026.
