Yields on UK government bonds fell across the board.
At the end of the European session on Wednesday, the yield on UK 10-year government bonds fell by 3.0 basis points to 4.476%. It rose rapidly to a daily high of 4.519% when the US non-farm payroll report was released at 21:30 Beijing time. The yield on UK 2-year bonds fell by 1.9 basis points to 3.624%. The yield on UK 30-year bonds fell by 4.1 basis points, and the yield on UK 50-year bonds fell by 3.8 basis points. The 2/10-year UK bond yield spread fell by 1.171 basis points to +85.067 basis points.
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