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UK 2-yr gilt yield up 1.2 bps on Friday, weekly gain 17.3 bps

UK 2-year government bond yield rose 1.2 basis points on Friday, closing at 4.531%, after jumping from around 4.513% to 4.575% on US nonfarm payrolls release. The yield accumulated a weekly gain of 17.3 basis points. Meanwhile, 10-year gilt yield fell slightly to 5.133%, but spiked to 5.184% on the data, ending the week up 10.3 bps.

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