Bank of England rate cut day + UK-US trade agreement, 2-year UK bond yields rise more than 12 basis points to hit a new daily high.

On Thursday afternoon in the European market, the yield on the 10-year UK government bond rose by 8.67 basis points to a daily high of 4.546%. At 19:02 Beijing time, just one minute before the Bank of England announced its interest rate decision, the yield dropped to a daily low of 4.439%. The release of the decision statement caused a significant increase in the yield, and it continued to fluctuate smoothly. After the UK-US trade agreement was revealed and President Trump's speech, the yield continued to oscillate upwards. The 2-year UK bond yield rose by 12.2 basis points to a daily high of 3.925%, and just one minute before the Bank of England's decision statement was released, it dropped to a daily low of 3.779% and rose again when the statement was released. The 30-year UK bond yield increased by 6.5 basis points, and the 50-year UK bond yield rose by 6.8 basis points. The 2/10-year UK bond yield spread decreased by 1.538 basis points to +47.141 basis points.