UK bond yields rose by at least 2 basis points on the Bank of England decision day.

On Thursday, the closing session of the European market, the yield on the 10-year UK government bond rose by 3.5 basis points to 4.530%, remaining in a V-shaped upward trend throughout the day. In the early European stock market trading, it rose to 4.551%, setting a new daily high. The yield on the 2-year UK government bond rose by 2.1 basis points to 3.909%, showing a W-shaped reversal trend throughout the day. At 19:00 Beijing time, the Bank of England announced no change in policy, causing the yield to quickly drop by about 2 basis points from above 3.9%, followed by several more declines. The yield on the 30-year UK government bond rose by 3.9 basis points, while the yield on the 50-year UK government bond rose by 4.0 basis points. The yield spread between the 2-year and 10-year UK government bonds increased by 1.459 basis points to 61.940 basis points.