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Eurobond/ UK Bond Yields Rise as Mkt Forecasts for Central Bank Rate Cuts Shattered
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The European Central Bank (ECB) and the Bank of England (BoE) held their monetary policy meetings yesterday (19th), and decided to keep interest rates unchanged, according to CNBC. The shattered market expectations for central bank rate cuts led to a rise in Eurobond and UK bond yields. The yield on the UK 10-year government bond once spiked over 13 bps to 4.871%, hitting an over-1-year high. The yield on the rate-sensitive 2-year UK bond once soared by 39 bps, the largest incline since the turmoil in the UK bond market triggered by former UK Prime Minister Liz Truss' Mini Budget in September 2022. It last printed at 4.412%. AASTOCKS Financial News Website: www.aastocks.com |
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