Gilt Yields Fall After U.K. Labor Market Data, Ahead of BOE Decision -- Market Talk
Dow Jones
Mar 20, 2025
0831 GMT - Yields on U.K. government bonds, or gilts, fall following U.K. labor market data and ahead of a Bank of England decision at 1200 GMT where interest rates are expected to remain on hold at 4.5%. U.K. average wage growth excluding bonuses in the three months to January was steady at 5.9% and the unemployment rate remained unchanged at 4.4% in the same period. Despite resilient wage growth data, however, "there are now some cracks appearing," Pantheon Macroeconomics' Elliott Jordan-Doak says in a note. He cites in particular the rise in jobless claims from 22,000 to 44,200,The 10-year gilt yield falls 3 basis points to 4.601%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 04:31 ET (08:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.