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UK 30-year yield posts biggest daily drop in four months after BOE halts long-dated gilt sales
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The Bank of England's decision to halt sales of long-dated UK government bonds, known as gilts, triggered a significant intraday decline in the yield on the 30-year gilt. According to a report from tradealpha, the yield fell by 11 basis points, on track for its largest single-day drop since May 20. The 30-year gilt yield currently stands at 5.728%, marking its lowest level since August 26. The move by the central bank directly impacted the bond market, leading to a sharp reversal in yields for long-term UK debt.
Source report
The yield on 30-year UK government bonds fell 11 basis points intraday following the Bank of England's decision to halt sales of long-dated UK gilts. The decline is set to mark the largest single-day drop since May 20.
The 30-year UK gilt yield currently stands at 5.728%, its lowest level since August 26.
Source
domesticNeutral / independent
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Bank of England halts long-dated gilt sales, 30-year yield posts biggest drop since May