The UK's medium to long-term financing costs have fallen by at least 7 basis points, and the Prime Minister's statement on the fiscal situation has eased investor concerns

Wallstreetcn
2025.07.03 16:31

On Thursday (July 3rd), in the European market's late trading session, the yield on the UK 10-year government bond fell by 7.1 basis points to 4.542%. After a "gap down" opening, it remained in a downward trend throughout the day, trading within the range of 4.603% to 4.512%. The release of the US non-farm payroll report at 20:30 Beijing time brought about an increase of approximately 4 basis points.

The yield on the 2-year UK bond decreased by 4.1 basis points to 3.841%, hitting a daily low of 3.808% at 16:15, followed by low-level fluctuations— the non-farm payroll report led to a rebound of over 3 basis points.

The yield on the 30-year UK bond dropped by 8.1 basis points to 5.338%, refreshing its daily low to 5.299% at 16:16; the yield on the 50-year UK bond fell by 8.3 basis points to 4.684%, hitting a new daily low of 4.649% at 16:16.

The yield spread between the 2-year and 10-year UK bonds decreased by 3.126 basis points to +69.779 basis points

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