TREE NEWS reports: The UK 2-year gilt yield fell 5.8 basis points to 4.813% in late European trading on Friday, September 11, briefly rising above 4.840% when US CPI inflation data was released at 20:30 Beijing time, for a weekly gain of 28.3 basis points. The 10-year gilt yield dropped 3.1bps to 5.343%, up 21.0bps on the week, while the 2s10s spread widened 2.780bps to +52.904bps.
UK 2-Year Gilt Yield Falls 5.8bps to 4.813%, Weekly Gain Narrows to 28.3bps
AI take
The weekly move matters more than Friday's pullback: both tenors still closed sharply higher, and the 2s10s spread widening to just under 53bps shows the front end repricing faster than the long end. That curve dynamic, not the single-session decline, is the signal worth tracking. The brief spike above 4.840% on the US CPI print also confirms UK rates remain highly sensitive to US inflation data, leaving the gilt market exposed to imported rate volatility.
Generated by AI for reference only.
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