UK Bond Yields Rise in Tandem with US Treasuries Following Fed Minutes Release

Deep News02-19 17:41

UK government bond yields advanced, tracking the movement of US Treasuries, after the Federal Reserve's meeting minutes indicated that policymakers want to see further declines in inflation before cutting interest rates. The minutes revealed that some officials even favored altering the wording of the statement to suggest that rates could be raised if inflation remains persistently high. Strategists at Deutsche Bank Research noted in a report that the minutes "reinforced the sense that a majority of FOMC members are in no hurry to cut rates further." According to Tradeweb data, the yield on the 10-year UK government bond increased by 1.6 basis points, most recently quoted at 4.388%.

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