1446 GMT - U.K. government bonds perform worse than their U.S., eurozone and Japanese counterparts as inflation concerns drive a selloff in sovereign bonds. The Middle East war, markets' sharp repricing of Bank of England interest-rate expectations, and worsening U.K. public finances are factors behind gilts' underperformance, XTB's Kathleen Brooks says in a note. Ten-year gilt yields jump 17 basis points to a near 18-year high of 5.020%, LSEG data show. Markets fully price three BOE interest-rate rises in 2026, in sharp contrast to two rate cuts priced prior to the Middle East war, LSEG data show. Ten-year Bund yields climb 5.7bps to 3.016%, while 10-year Treasurys rise 8.5bps to 4.372%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 10:46 ET (14:46 GMT)
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