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2026-05-27 16:36:02
[UK 10-Year gilt yields fall below 4.85%, hitting a near six-week low] ⑴ UK 10-year gilt yields fell below 4.85%, the lowest level since April 20, as market optimism grew regarding a potential peace agreement between the US and Iran. ⑵ Investors are closely watching developments in the Middle East. Neither side has released negative signals recently, and despite recent strikes, the market continues to hold expectations of an agreement to ease tensions and reopen the Strait of Hormuz. ⑶ Traders have reduced their bets on a Bank of England rate hike, now expecting a tightening of around 40 basis points by the end of the year, with a roughly 50% probability of a rate hike next month. ⑷ Market attention is now focused on upcoming speeches by Bank of England policymakers for monetary policy signals, as well as political developments surrounding the Prime Minister following Labour's setbacks in local elections.
