Inflation Concerns Could Dominate Gilt Market for a Long Time
Dow Jones
Sep 09
0927 GMT - Concerns about inflation risk due to elevated energy prices could dominate the U.K. government bonds market for a long time, Mizuho's Evelyne Gomez Liechti says in a note. Brent crude price advances 2.7% to $100.53 per barrel, raising inflation risk and the possibility of the Bank of England increasing interest rates in the coming months. Markets fully price in three quarter-point BOE rate rises by July 2027, LSEG data show. Ten-year gilt yields climb 4 basis points to last trade at 5.202%, Tradeweb data show.
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