The yield on the UK 10-year government bond continued to rise to 1.2% in January, getting close to levels not seen since April 2019, tracking a global bond sell-off amid concerns that central banks and specially the Fed, will need to tight monetary policy faster due to stubbornly high inflation. Meanwhile, a robust labour market, strong GDP data, signs the Omicron COVID surge is abating and expectations that UK interest rates could rise as soon as next month also weighed on the bond market. The Bank of England is seen hiking interest rates up to four times this year to tame high inflation, after becoming in December the world's first major central bank to raise borrowing costs since the COVID-19 pandemic began.

Historically, the United Kingdom Government Bond 10Y reached an all time high of 16.09 in November of 1981. United Kingdom Government Bond 10Y - data, forecasts, historical chart - was last updated on January of 2022.

The United Kingdom Government Bond 10Y is expected to trade at 1.23 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 1.49 in 12 months time.

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United Kingdom Government Bond 10Y

Bonds Yield Day Month Year
UK 10Y 1.22 0.028% 0.447% 0.927%
UK 1M 0.18 -0.007% -0.137% 0.211%
UK 3M 0.24 -0.001% -0.094% 0.228%
UK 6M 0.26 0.004% -0.025% 0.334%
UK 52W 0.79 0.059% 0.460% 0.899%
UK 3Y 0.97 0.063% 0.383% 1.066%
UK 5Y 1.06 0.063% 0.432% 1.099%
UK 7Y 1.08 0.065% 0.489% 0.993%
UK 20Y 1.42 0.029% 0.394% 0.618%
UK 30Y 1.33 0.033% 0.379% 0.472%
UK 2Y 0.85 0.006% 0.311% 0.987%


United Kingdom Government Bond 10Y
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.