UK Treasury yields fell, following the trend of similar US and Eurozone bonds, after the Federal Reserve voted to cut interest rates on Wednesday, despite differences in the voting results. Federal Reserve Chairman Jerome Powell expressed concern about the weak labor market, causing US Treasury yields to fall as investors concluded that interest rates may be cut further in the future. Treasury investors will now turn their attention to the Bank of England's interest rate decision in a week, and the market also expects interest rate cuts at that time. According to data from the London Stock Exchange Group, the money market is 91% likely to cut interest rates by 25 basis points at this meeting. According to Tradeweb data, the 10-year British Treasury yield fell 2 basis points, and the latest report was 4.493%.

UK Treasury yields fell, following the trend of similar US and Eurozone bonds, after the Federal Reserve voted to cut interest rates on Wednesday, despite differences in the voting results. Federal Reserve Chairman Jerome Powell expressed concern about the weak labor market, causing US Treasury yields to fall as investors concluded that interest rates may be cut further in the future. Treasury investors will now turn their attention to the Bank of England's interest rate decision in a week, and the market also expects interest rate cuts at that time. According to data from the London Stock Exchange Group, the money market is 91% likely to cut interest rates by 25 basis points at this meeting. According to Tradeweb data, the 10-year British Treasury yield fell 2 basis points, and the latest report was 4.493%.