The two-year government bond yield in the UK rose by around 3 basis points on the central bank decision day.

In the European market at the end of Thursday, the yield on the 10-year UK government bond rose by 0.6 basis points to 4.757%. After the first press conference by Fed Chairman Kevin Wash since taking office, it opened slightly higher and then retreated below 4.770% after the Bank of England announced its interest rate decision and released a dovish signal at 19:00 Beijing time. There was a short-term V-shaped trend with a high of 4.782% at 19:15. The yield on the 2-year UK bond rose by 2.8 basis points to 4.185%, hitting a daily high of 4.220% when the Bank of England announced a hold. The yield on the 30-year UK bond fell by 1.3 basis points, while the yield on the 50-year UK bond fell by 0.8 basis points. The 2/10-year UK bond yield spread fell by 3.799 basis points to +56.882 basis points, opening lower at 15:00 and hitting a daily low of +55.876 basis points when the Bank of England announced its interest rate decision.