Gilts Jump as UK Inflation Surprise Curbs Rate-Hike Wagers
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Article Excerpt
Article content (Bloomberg) — Gilts rallied as a sharper-than-expected slowdown in UK inflation prompted traders to trim bets on a Bank of England interest-rate hike next month. Article content Yields on two-year government bonds, which are most sensitive to rate expectations, slipped ten basis points to 4.41%. Ten-year gilts also rose, lowering the yield seven basis points to 5.06%. Article content Article content The consumer price index rose 2.8% from a year earlier in April, the Office for National Statistics said Wednesday, a slower pace than the 3% forecast by economists. While investors…
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Jun 3, 2026