UK government bond yields fall as further rate cuts are likely Bank of England By Investing.com

Investing.com — Returns on United Kingdom (TADAWUL:) government bonds, also known as gilts, fell, following forecasts of further interest rate cuts by the Bank of England. This expectation is based on weaker than expected retail sales data.

In December, retail sales recorded a decrease of 0.3% on a monthly basis. The figure was weaker than the consensus forecast of 0.0% among economists in a Wall Street Journal poll.

Following the release of this information, the 10-year Treasury yield and the 30-year Treasury yield fell to 10-day lows, according to Tradeweb data. The 10-year gilt yield was last down 3 basis points to 4.639%, and the 30-year Treasury yield was down about 2 basis points to 5.204%.

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