UK 10-year gilt yields slipped back toward 4.5%, near their lowest level since late January, as markets navigated renewed political uncertainty. Bond markets began the week under pressure following the resignation of Prime Minister Keir Starmer's chief of staff amid the Lord Peter Mandelson scandal, sparking speculation about Starmer’s own position. Yields swung sharply during Monday's session, climbing around eight basis points at their peak, particularly after Scottish Labour’s leader called for Starmer to step down. However, sentiment stabilized as cabinet members publicly reaffirmed their support for the prime minister, calming investors. Meanwhile, expectations for Bank of England rate cuts have strengthened. Although the central bank left its benchmark rate unchanged at 3.75% in a split vote, policymakers struck a more dovish tone than anticipated, signaling that CPI inflation is likely to move back toward the 2% target from April.

The yield on United Kingdom 10Y Bond Yield eased to 4.50% on February 10, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.13 points, though it remains 0.01 points lower 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 February 10 of 2026.

The yield on United Kingdom 10Y Bond Yield eased to 4.50% on February 10, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.13 points, though it remains 0.01 points lower 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 4.48 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 4.28 in 12 months time.



Bonds Yield Day Month Year Date
UK 10Y 4.50 -0.031% 0.130% -0.008% Feb/10
UK 1M 3.80 -0.036% -0.056% -0.735% Feb/09
UK 3M 3.73 -0.012% -0.110% -0.790% Feb/10
UK 6M 3.70 -0.003% -0.089% -0.775% Feb/10
UK 52W 3.57 0.021% -0.076% -0.815% Feb/10
UK 3Y 3.70 0.001% 0.006% -0.276% Feb/10
UK 5Y 3.88 -0.019% 0.040% -0.315% Feb/10
UK 7Y 4.07 -0.023% 0.084% -0.257% Feb/10
UK 20Y 5.19 -0.033% 0.187% 0.161% Feb/10
UK 30Y 5.31 -0.037% 0.203% 0.212% Feb/10
UK 2Y 3.63 0.016% -0.027% -0.557% Feb/10



Related Last Previous Unit Reference
United Kingdom Inflation Rate 3.40 3.20 percent Dec 2025
United Kingdom Interest Rate 3.75 3.75 percent Feb 2026
United Kingdom Unemployment Rate 5.10 5.10 percent Nov 2025

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
4.50 4.53 16.09 0.07 1980 - 2026 percent Daily

News Stream
UK Gilt Yields Ease Toward January Lows
UK 10-year gilt yields slipped back toward 4.5%, near their lowest level since late January, as markets navigated renewed political uncertainty. Bond markets began the week under pressure following the resignation of Prime Minister Keir Starmer's chief of staff amid the Lord Peter Mandelson scandal, sparking speculation about Starmer’s own position. Yields swung sharply during Monday's session, climbing around eight basis points at their peak, particularly after Scottish Labour’s leader called for Starmer to step down. However, sentiment stabilized as cabinet members publicly reaffirmed their support for the prime minister, calming investors. Meanwhile, expectations for Bank of England rate cuts have strengthened. Although the central bank left its benchmark rate unchanged at 3.75% in a split vote, policymakers struck a more dovish tone than anticipated, signaling that CPI inflation is likely to move back toward the 2% target from April.
2026-02-10
UK 10-Year Gilt Yields Rise on Political Uncertainty
UK 10-year gilt yields rose further above 4.5%, extending recent volatility as political uncertainty weighed on markets. Concerns over Prime Minister Keir Starmer’s leadership intensified after the resignation of his chief of staff amid the Lord Peter Mandelson controversy. Starmer has faced renewed calls to step down from within a fractious Labour Party, particularly after scrutiny surrounding his appointment of Mandelson as UK ambassador to the US, given Mandelson’s past links to Jeffrey Epstein. However, Skills Minister Baroness Smith dismissed speculation of his resignation, saying he remains focused on domestic priorities. Meanwhile, markets have increased bets on Bank of England rate cuts. Although the central bank kept interest rates unchanged at 3.75% in a split decision, policymakers adopted a more dovish tone than expected, indicating that CPI inflation is likely to move back toward the 2% target from April.
2026-02-09
UK Gilt Yields Dip After Dovish BoE Signals
UK 10-year gilt yields fell to 4.55%, after the Bank of England kept interest rates unchanged at 3.75% but signaled a more dovish stance than markets had expected. Although the decision to hold was widely anticipated, the vote split surprised investors, with four of nine MPC members favoring an immediate 25 basis point cut to 3.5%, citing expectations that CPI inflation will return toward the 2% target from April. The Bank highlighted that risks from persistent inflation have eased, while weaker demand and a softening labor market have become more pronounced. Gilt yields had reached an over three-month high of 4.612% on Thursday, driven by rising political uncertainty after Prime Minister Keir Starmer appointed Peter Mandelson as UK ambassador to the US, a move attracting scrutiny over Mandelson’s past links to Jeffrey Epstein.
2026-02-05