finance
UK Bond Yields Decline; BOE Governor Says Further Drops Not Guaranteed
The Bank of England governor expressed hope that the recent decline in UK government bond yields will continue, while noting the outcome will depend on developments in the Middle East.
May 29, 5:36 AM·1m read2 sources
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The statement came as yields on longer-dated UK debt have eased in recent sessions.
The governor added that the trajectory depends on events in the Middle East. Officials have not specified which developments would alter the path of yields. Market participants have watched the region for signs that could affect global risk sentiment and safe-haven demand.
10-year gilt yields have declined from their April peaks, though they remain above levels seen at the start of the year. Traders have priced in limited further cuts to the policy rate this year. No additional statements from the central bank accompanied the governor’s remarks.
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