Gilt Yields Fall to 8-Week Low After BOE's Bailey Comments -- Market Talk
Dow Jones
Jul 01, 2025
0817 GMT - Yields on U.K. 10-year government bonds fall to their lowest in eight weeks after Bank of England Governor Andrew Bailey spoke of a weakening U.K. labor market in an interview with CNBC on Tuesday. The remarks could raise the prospect of more interest-rate cuts by the BOE in the coming months. U.K. money markets currently price in a 76% chance of a rate cut in August, LSEG data show. The 10-year gilt yields fall to an 8-week low of 4.425%, according to Tradeweb. They last trade down 5 basis points at 4.439%. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 04:17 ET (08:17 GMT)
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