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Bond yields fall further as UK inflation eases
This tees up a bid in bonds as we get into the open in Europe later, with UK gilt yields set to observe a marked fall surely. The early signs of a peak in inflation is a welcome development for the economy and gives some breathing room for the BOE to not be too overly aggressive in tightening policy further.10-year Treasury yields was down slightly at 3.770% but are now down over 4 bps to 3.744% on the day. It is a function of what we should see in gilts later, as markets take on a less hawkish...
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Posted: Jul 19 2023, 06:19
Author Name: forexlive
Views: 102679
