Gilt Yields Fall Ahead of Speeches by BOE Members -- Market Talk

Dow Jones11-25 16:38

0838 GMT - Gilt yields fall as investors await speeches by Bank of England monetary policy committee members Clare Lombardelli and Swati Dhingra at 0900 GMT and 1030 GMT respectively at the Bank of England Watchers' Conference. Last week's weaker-than-forecast U.K. retail sales data and PMI data increased market expectations of forthcoming BOE interest-rate cuts, causing gilt yields to decline. The 10-year gilt yield falls around 4 basis points to 4.356%, Tradeweb data show. The 2-year gilt yield declines 3 basis points to 4.302%. (miriam.mukuru@wsj.com)

 

(END) Dow Jones Newswires

November 25, 2024 03:38 ET (08:38 GMT)

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