The UK 10-year Gilt yield fell to 4.749% as Bank of England policymakers signaled no urgency to raise interest rates, as optimism grew that the war in the Middle East may be near an end. Governor Andrew Bailey said it is too early to assess the full impact of the Iran war, describing it as a major energy shock and noting that its duration will be key for inflation. Also, policymaker Megan Greene said markets were right to scale back expectations for aggressive rate hikes. The conflict is expected to weigh heavily on the UK economy, pushing up borrowing costs and inflation, with forecasts now pointing to levels well above the central bank target. Policymakers face a difficult balance between inflation risks and slowing growth ahead of their April 30 meeting. However, recent data showed the economy was gaining momentum before the conflict, with GDP rising 0.5% in February, well above expectations.

The yield on United Kingdom 10Y Bond Yield eased to 4.69% on April 17, 2026, marking a 0.15 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.01 points and is 0.12 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Bond Yield reached an all time high of 16.09 in November of 1981. UK 10 Year Bond Yield - data, forecasts, historical chart - was last updated on April 18 of 2026.

The yield on United Kingdom 10Y Bond Yield eased to 4.69% on April 17, 2026, marking a 0.15 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.01 points and is 0.12 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The UK 10 Year Bond Yield is expected to trade at 4.63 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.43 in 12 months time.



Bonds Yield Day Month Year Date
UK 10Y 4.69 -0.151% 0.006% 0.116% Apr/17
UK 1M 3.85 -0.008% 0.015% -0.632% Apr/17
UK 3M 3.92 -0.040% 0.064% -0.469% Apr/17
UK 6M 4.10 -0.072% 0.174% -0.178% Apr/17
UK 52W 4.13 -0.013% 0.084% 0.481% Apr/17
UK 3Y 4.15 -0.136% -0.006% 0.347% Apr/17
UK 5Y 4.26 0.006% -0.021% 0.277% Apr/17
UK 7Y 4.47 0.002% 0.011% 0.315% Apr/17
UK 20Y 5.41 -0.099% 0.063% 0.163% Apr/17
UK 30Y 5.50 0.004% 0.095% 0.126% Apr/17
UK 2Y 4.13 -0.177% 0.013% 0.200% Apr/17



Related Last Previous Unit Reference
United Kingdom Inflation Rate 3.00 3.00 percent Feb 2026
United Kingdom Interest Rate 3.75 3.75 percent Mar 2026
United Kingdom Unemployment Rate 5.20 5.20 percent Jan 2026

UK 10 Year Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.69 4.84 16.09 0.07 1980 - 2026 percent Daily

News Stream
UK 10-Year Gilt Yield Edges Down
The UK 10-year Gilt yield fell to 4.749% as Bank of England policymakers signaled no urgency to raise interest rates, as optimism grew that the war in the Middle East may be near an end. Governor Andrew Bailey said it is too early to assess the full impact of the Iran war, describing it as a major energy shock and noting that its duration will be key for inflation. Also, policymaker Megan Greene said markets were right to scale back expectations for aggressive rate hikes. The conflict is expected to weigh heavily on the UK economy, pushing up borrowing costs and inflation, with forecasts now pointing to levels well above the central bank target. Policymakers face a difficult balance between inflation risks and slowing growth ahead of their April 30 meeting. However, recent data showed the economy was gaining momentum before the conflict, with GDP rising 0.5% in February, well above expectations.
2026-04-16
UK 10-Year Gilt Yield Slightly Up Amid Geopolitical Uncertainty
The yield on the UK’s 10-year gilt climbed to 4.74%, reflecting a cautious market balancing optimism over US-Iran peace talks against persistent economic risks. While mediators reported progress in extending the ceasefire, and US President Donald Trump suggested a possible breakthrough, uncertainty lingers after Washington announced plans to deploy 10,000 additional troops to the region. The continued closure of the Strait of Hormuz is keeping energy costs and inflation elevated, prompting markets to price in two Bank of England interest rate hikes this year. Investors are also watching today’s meeting between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent at the IMF-World Bank Spring Meetings in Washington. The discussions come after Trump’s recent comments to Sky News heightened tensions and cast doubt on last year’s trade deal. On Tuesday, Reeves issued her strongest criticism yet of Trump’s Middle East conflict, emphasizing its harmful economic consequences.
2026-04-15
UK Gilt Yields Fall as Oil Prices Retreat on US-Iran Talk Hopes
The yield on the UK’s 10-year gilt fell toward 4.7% as oil prices declined on expectations of renewed US-Iran negotiations, easing inflation fears. Both Brent and WTI crude dropped below $100 a barrel after reports that the US and Iran may hold further talks before a two-week ceasefire expires, despite President Donald Trump’s imposition of a US naval blockade in the Strait of Hormuz. The recent surge in energy costs had led markets to anticipate nearly two Bank of England rate hikes by late 2026. Meanwhile, demand for UK bonds remains robust, with the latest 10-year gilt syndication attracting record bids of £148 billion, surpassing the previous record set in September. This reflects investors’ continued hunt for yield, as UK 10-year gilt yields remain about 50 basis points higher than pre-conflict levels, when Middle East tensions first reignited inflation fears.
2026-04-14