Alpha Real Capital says UK breakeven inflation curve falls as real yields rise

• Alpha Real Capital’s UK Market Monitor Q2 2026 flagged higher real yields, up about 40 bps at the short end, 15 bps at the long end.
• Breakeven inflation curve fell as reported inflation cooled; CPI eased to 2.6% in June from 3.3% in March.
• RPI dropped to 3% in June from 4.1% in March; 2026 inflation expectations moderated.
• Market pricing still points to 1-2 Bank of England rate hikes by year-end, despite the softer inflation trend.
• Credit spreads versus swaps tightened about 10 bps from year-to-date highs in March across rating bands.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alpha Real Capital LLP published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.