The yield rise of the UK two-year government bond has narrowed to 12 basis points.

At the end of the European session on Monday, the yield on the UK 10-year government bond rose by 2.0 basis points to 4.647%. Between 16:00 and 21:00 Beijing time, the yield mainly held steady above 4.740% before gradually giving back some of its gains. The yield on the 2-year UK bond rose by 12.0 basis points to 3.990%, with more than half of the trading time holding steady above 4.100% before starting to give back gains from 21:00. The yield on the 30-year UK bond fell by 0.7 basis points, while the yield on the 50-year UK bond fell by 1.2 basis points. The yield spread between the 2-year and 10-year UK bonds decreased by 9.766 basis points to +65.474 basis points.