Free Trial

Short-End UK Yields At 2-Month High As BoE Hike Bets Edge Higher

GILTS

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.