TREE NEWS reports: UK 10-year gilt yields rose 6.2 basis points to a session high of 5.428% in late European trading on Monday, October 5, edging toward the October 1 peak of 5.504% and the 5.564% level last seen in the third quarter of 2007. Two-year yields added 2.8bp to 4.846%, while 30-year and 50-year yields gained 5.2bp and 5.0bp respectively. The 2s/10s spread widened 2.132bp to +56.956bp.
UK 10-year gilt yield rises 6.2bp to 5.428%, near 2007 highs
AI take
The move is concentrated at the long end, with 30- and 50-year yields rising nearly as much as the 10-year, which points to term premium and duration supply concerns rather than a repricing of near-term policy — the 2-year barely moved. The widening 2s/10s spread signals a steeper curve, a pattern that matters for pension and liability-driven strategies as well as gilt-heavy collateral. Whether the 10-year retests the October 1 peak, or the long end keeps leading, is the open question.
Generated by AI for reference only.
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