UK Long-Term Gilts Yields Fall to 5.59%, Posting Largest Weekly Decline in Over 2 Years

GateNews
According to Jin10, UK 30-year gilt yields fell to around 5.59% on May 21, with the weekly decline expected to exceed 0.25 percentage points—the largest in over two years among G7 sovereign bonds. The decline was driven by hopes of a U.S.-Iran agreement, which eased energy price pressures and rekindled market expectations for fewer rate hikes. This week's below-forecast inflation data, combined with weak employment and retail figures, further reduced rate hike expectations, supporting gilt prices.
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