UK government bond yields reached a one-week high on Friday, surpassing those of German securities. This uptick was driven by higher-than-expected borrowing figures and the electoral success of Greater Manchester's Mayor Andy Burnham. Notably, two-year gilt yields climbed to their peak since June 12, while the benchmark 10-year gilt yields also followed suit with a rise.
UK government bond yields reached a one-week high on Friday, surpassing those of German securities. This uptick was driven by higher-than-expected borrowing figures and the electoral success of Greater Manchester's Mayor Andy Burnham. Notably, two-year gilt yields climbed to their peak since June 12, while the benchmark 10-year gilt yields also followed suit with a rise.
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