Affected by the escalation of the geographical situation in the Middle East and the rise in international oil prices, the British treasury bond market experienced a new round of sell-off, and yields continued to rise and outperform German treasury bonds. On July 29, due to the tense situation between the US and Iran and the further rise in international oil prices, traders increased their bets that the Bank of England would raise interest rates faster and more drastically, and British treasury bonds continued to flatten the bearish trend. On the same day, the yield on UK 10-year treasury bonds rose 5 basis points to 5.00%; in comparison, German 10-year treasury yields rose 3 basis points to 3.14%. The sharp rise in energy prices directly fueled market concerns about a rebound in inflation. According to the data, the price of Brent crude oil rose 5.4% at one point, hitting $88.60 per barrel. Affected by this, the interest rate swap market shows that traders expect the Bank of England's cumulative interest rate hike this year to reach 39 basis points, higher than the previous forecast of 34 basis points; at the same time, they expect a cumulative rate hike of 62 basis points by the middle of next year.

Affected by the escalation of the geographical situation in the Middle East and the rise in international oil prices, the British treasury bond market experienced a new round of sell-off, and yields continued to rise and outperform German treasury bonds. On July 29, due to the tense situation between the US and Iran and the further rise in international oil prices, traders increased their bets that the Bank of England would raise interest rates faster and more drastically, and British treasury bonds continued to flatten the bearish trend. On the same day, the yield on UK 10-year treasury bonds rose 5 basis points to 5.00%; in comparison, German 10-year treasury yields rose 3 basis points to 3.14%. The sharp rise in energy prices directly fueled market concerns about a rebound in inflation. According to the data, the price of Brent crude oil rose 5.4% at one point, hitting $88.60 per barrel. Affected by this, the interest rate swap market shows that traders expect the Bank of England's cumulative interest rate hike this year to reach 39 basis points, higher than the previous forecast of 34 basis points; at the same time, they expect a cumulative rate hike of 62 basis points by the middle of next year.