According to Jinshi, renewed fighting between the United States and Iran pushed oil prices higher, adding to inflation concerns and lifting UK government bond yields. Tradeweb data showed the yield on the UK 10-year gilt rose by 1.2 basis points to 4.969%. Investors are now waiting for upcoming rate decisions from the US Federal Reserve and the Bank of England. The move in gilt yields comes as markets react to geopolitical tension and the inflation pressure linked to higher energy prices.
According to Jinshi, renewed fighting between the United States and Iran drove oil prices higher, adding to inflation concerns and pushing UK government bond yields up.
Tradeweb data showed the yield on the UK 10-year gilt rose 1.2 basis points to 4.969%. Investors are waiting for interest rate decisions from the Federal Reserve and the Bank of England.
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