The UK government bond yield fell more than 2 basis points.

In the European market at the end of Thursday, the yield on the UK 10-year government bond fell by 2.6 basis points to 4.905%. By 15:12 Beijing time, it slightly rose to 4.946% to refresh the daily high, then fell. After the European Central Bank announced a rate hike at 20:15, there was a surge followed by a retreat. The yield on the 2-year UK bond fell by 2.4 basis points to 4.341%. After the rate hike announcement by the European Central Bank, the release of US employment data, and before the news conference by ECB President Lagarde, the yield rose to a daily high of 4.381%, showing a short-term surge followed by a retreat. By 21:54, it reached a daily low of 4.319%. The yield on the 30-year UK bond fell by 2.7 basis points, and the 50-year UK bond yield fell by 2.6 basis points. The yield spread between 2-year and 10-year UK bonds fell by 0.331 basis points to +56.294 basis points.