The 10/30-year UK bond yield fell by about 3 basis points, with four officials requesting Bank of England Governor Bailey to cut interest rates on decision day.

At the end of the European market on Thursday, the yield on the UK 10-year government bond fell by 2.9 basis points to 4.433%. At 20:00 Beijing time, the Bank of England announced its interest rate decision and announced a reduction in inflation expectations, causing the yield to fluctuate between 4.469% and 4.443%. At 22:20, the yield hit a daily low of 4.424%. The yield on the 2-year UK bond dropped by 1.7 basis points to 3.786%, with the Bank of England announcing no change causing it to drop from above 3.8% to 3.780% and hitting a daily low of 3.766% at 21:39. The yield on the 30-year UK bond fell by 3.1 basis points to 5.218%, and the yield on the 50-year UK bond fell by 2.5 basis points to 4.707%. The 2/10-year UK bond yield spread fell by 1.192 basis points to +64.557 basis points.