The UK government bond yields rose following the trend of Japanese government bonds, following the release of GDP data in the UK.

The yield on UK government bonds has risen, following the trend of Japanese government bonds, after the Bank of Japan raised interest rates last week. Strategists at Deutsche Bank's research department said in a report that the yen weakened on Friday after the rate hike, sparking concerns about another rate hike by the Bank of Japan. Yields also rose, as data showed that the UK economy grew by only 0.1% in the third quarter. Analysts said that the data included some positive factors, including improvements in consumer spending and business investment. Tradeweb data shows that the yield on 10-year UK government bonds rose by 1.7 basis points to 4.535%. The yield on 10-year Japanese government bonds rose by 5 basis points to 2.074%.