August 16, 2022 15:39 GMT
UK 2Y yields this afternoon briefly ticked to the highest levels since Jun 22 - 2.186% high today, last 2.175% (up 9bp in the last 3 hours, 14bp on the day).
- Some citing strong wage pressures in today's data potentially increasing BoE 50bp hike risks for September but not much of a move in Sep 2022 implied futures expectations.
- More of the move is further out (cumulative hikes today +14bp to Feb 2023 for a total ~160bp of further tightening between now and then).
2Y UK Generic Yield %Source: BBG