UK 10Y Bond Yield Hits 4-week High

UK 10-year gilt yields neared 2008 highs as former Foreign Office chief Olly Robbins testified before the Commons Foreign Affairs Committee regarding the controversial appointment of Peter Mandelson as US ambassador. Robbins, who was dismissed for allegedly failing to inform Prime Minister Keir Starmer that Mandelson had not passed his security vetting, could deliver career-ending revelations if he proves Starmer was aware of the issue. Meanwhile, investors also focused on escalating Middle East tensions, with a US-Iran ceasefire set to expire Wednesday evening and peace talks scheduled in Pakistan. On the economic front, UK unemployment unexpectedly fell to 4.9% in the three months to February 2026, while wage growth slowed slightly less than expected. UK payrolls dropped by 11,000 in March, the largest decline since November 2025, highlighting ongoing economic pressures tied to the Middle East conflict.

UK 10 Year Government Bond Yield increased to 5.10%, the highest since July 2008. Over the past 4 weeks, United Kingdom 10Y Bond Yield gained 24.34 basis points, and in the last 12 months, it increased 53.00 basis points.

UK 10 Year Government Bond Yield increased to 5.10%, the highest since March 2026. Over the past 4 weeks, United Kingdom 10Y Bond Yield lost 8.06 basis points, and in the last 12 months, it increased 20.60 basis points.