UK Gilt Yields Slip from Two-Month High

2026-07-24 08:55 By Joana Ferreira 1 min. read

The UK 10-year gilt yield eased to 5.07%, slipping from the two-month high reached on Thursday as oil prices retreated after Brent briefly climbed to $100 per barrel, while investors assessed a fresh batch of economic data.

UK retail sales rose 1% in June, beating expectations for a 0.3% decline, supported by warmer weather and stronger spending during the football World Cup.

Consumer confidence also improved to a six-month high in July, while the Bank of England's Decision Maker Panel survey pointed to easing inflation expectations.

Meanwhile, the S&P Global PMI showed UK business activity returned to growth, surpassing forecasts.

On the trade front, the US announced new tariffs of 10% to 12.5% on dozens of countries, including the UK and the EU.

The UK government said the measures would not negatively affect British businesses, noting that the existing UK-US trade agreement remains in force and provides improved access for exports such as whisky and medical technology.



News Stream
UK Gilt Yields Slip from Two-Month High
The UK 10-year gilt yield eased to 5.07%, slipping from the two-month high reached on Thursday as oil prices retreated after Brent briefly climbed to $100 per barrel, while investors assessed a fresh batch of economic data. UK retail sales rose 1% in June, beating expectations for a 0.3% decline, supported by warmer weather and stronger spending during the football World Cup. Consumer confidence also improved to a six-month high in July, while the Bank of England's Decision Maker Panel survey pointed to easing inflation expectations. Meanwhile, the S&P Global PMI showed UK business activity returned to growth, surpassing forecasts. On the trade front, the US announced new tariffs of 10% to 12.5% on dozens of countries, including the UK and the EU. The UK government said the measures would not negatively affect British businesses, noting that the existing UK-US trade agreement remains in force and provides improved access for exports such as whisky and medical technology.
2026-07-24
UK Gilt Yields Rise on Fiscal Concerns, Oil Surge
The UK 10-year gilt yield climbed toward 5.1% on Thursday, reaching its highest level since May 20, after Finance Minister John Healey warned about the rising cost of doing business alongside persistent cost-of-living pressures. The 30-year gilt yield, which is particularly sensitive to fiscal risks, also rose to 5.78%, its highest level since May 19. Earlier in the day, Prime Minister Andy Burnham announced a 20% cut in business rates for pubs, clubs, and live music venues starting in April, marking the third announcement of support measures for businesses and households in three days. He also reiterated his commitment to maintaining fiscal discipline. Adding to the upward pressure on yields, oil prices climbed to near two-month highs amid escalating tensions in the Middle East, fueling inflation concerns. Money markets now price in nearly two Bank of England's quarter-point interest rate hikes by the end of the year.
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UK 10 Year Government Bond Yield increased to 5.06%, the highest since May 2026. Over the past 4 weeks, United Kingdom 10Y Bond Yield gained 30.20 basis points, and in the last 12 months, it increased 40.74 basis points.
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