The yield on UK 10-year government bond was little-changed at 0.75%, not far from a near three-month low hit on Wednesday, as investors welcomed upbeat UK GDP data and as concerns over global inflationary pressure eased for now. US consumer prices rose the most in almost 13 years and the annual core inflation hit a near 30-year high, but investors believe inflationary pressure is temporary. Elsewhere, investors worried about tensions between Brussels and London, the rising number of COVID cases in the UK and a possible delay of the wider reopening of the UK economy due on June 21st.
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 June of 2021.
The United Kingdom Government Bond 10Y is expected to trade at 0.75 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 0.94 in 12 months time.