The two-year UK Gilt yield fell by more than 2 basis points, while the medium to long-term UK Gilt yield rose by at least 2 basis points.

In the European market at the close on Tuesday, the yield on the 10-year UK government bond rose by 2.1 basis points to 4.664%, reaching a daily high of 4.676% at 22:23 Beijing time before quickly falling back. The yield on the 2-year UK bond fell by 2.5 basis points to 3.976%, dropping to a daily low of 3.958% at 22:55. The yield on the 30-year UK bond rose by 2.8 basis points, and the yield on the 50-year UK bond rose by 4.9 basis points to a daily high of 4.658%. The yield spread between the 2-year and 10-year UK bonds widened by 4.437 basis points to +68.423 basis points.