TREE NEWS reports: The UK 10-year gilt yield rose 3.4 basis points to 5.381% in late London trading on Thursday, September 24, tracing a W-shaped path and touching 5.393% at 23:37 Beijing time. The 30-year yield gained 4.3bps to 5.871% and the 50-year added 4.6bps to 5.310%. The 2-year yield edged up 0.4bps to 4.909%, while the 2s/10s spread rebounded 3.059bps to +47.067bps.
UK 10-Year Gilt Yield Rises 3.4bps to 5.381% in Late London Trade
AI take
The long end is doing the work here: 30- and 50-year yields added more than the 10-year, while the 2-year barely moved, so the curve steepened via the 2s/10s spread rather than a uniform repricing. That points to term premium and duration supply concerns rather than a shift in near-term rate expectations. Whether the long-end underperformance persists, or the 2-year catches up, is the open question.
Generated by AI for reference only.
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