The 10-year UK government bond yield hit a 6.5-month high, driven by inflation concerns.

With inflation worries dominating market sentiment, the yield on the 10-year UK government bonds rose to a 6.5-month high. Investors brushed off weaker-than-expected UK GDP data released on Friday and are expecting the Bank of England to keep interest rates unchanged - or possibly consider raising them - as rising energy prices are increasing inflation risks. Aberdeen's Luke Bartholomew said in a report: "Investors are more focused on the conflict in the Middle East and its impact." Data from Tradeweb shows that the yield on the 10-year UK government bonds reached a 6.5-month high of 4.813%, with the latest at 4.800%.