0829 GMT - Yields on U.K. government bonds fall, tracking their U.S. and eurozone peers, after the U.S. Federal Reserve on Wednesday voted in favor of an interest rate cut, albeit in a split vote. Fed Chair Jerome Powell expressed concerns about a weak labor market, causing Treasury yields to fall as investors concluded that further rate cuts were possible. Gilt investors will now turn their attention to a Bank of England rate decision in a week's time, where a rate cut is also expected. Money markets price a 91% chance of a 25 basis-point rate reduction at this meeting, LSEG data show. The 10-year gilt yield falls 2 basis points to last trade at 4.493%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
December 11, 2025 03:29 ET (08:29 GMT)
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