1337 GMT - Yields on U.K. government bonds, or gilts, fall after the International Monetary Fund indicated that the Bank of England does not have to raise interest rates as they are sufficiently restrictive. "Under the current energy price outlook, holding rates for the remainder of the year should be sufficient to bring inflation back to target by end-2027," the IMF said on its website. However, given the highly uncertain political and geopolitical environment, BOE rate decisions should remain data dependent, IMF said. Two-year gilt yields fall 6 basis points to last trade at 4.485%, having hit a one-week high of 4.573% in morning trade, Tradeweb data show. Ten-year gilt yields fall 6 basis points to 5.100%. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 09:37 ET (13:37 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.