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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: UK bond yields hit one-month high as Middle East tensions boost rate-hike expectations

Bank of England United Kingdom Oil Interest Rates Inflation Monetary Policy United States

Britain's two-year government bond yield climbed to its highest level in more than a month on Monday as escalating tensions in the Middle East drove oil prices higher, prompting investors to increase bets that the Bank of England will keep interest rates elevated for longer, according to Reuters.

The yield on the two-year gilt, which is highly sensitive to expectations for Bank of England policy, rose 11 basis points to 4.349% by 1453 GMT. The move pushed the yield to its highest level since June 11.

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