The yield on 10-year UK government bonds fell by 2 basis points, shifting investor focus from the German budget to the prospect of a rate cut by the Federal Reserve.

At the end of the European market on Tuesday, the yield on the 10-year UK government bond fell by 2.0 basis points to 4.473%, rising to 4.538% at 17:25 Beijing time to hit a daily high, then giving back gains. At 22:00, it started a significant decline, falling to 4.447% at 23:13 to hit a daily low. The yield on the 2-year UK bond fell by 1.7 basis points to 3.872%, dropping to 3.846% at 23:14 to hit a daily low. The yield on the 30-year UK bond dropped by 0.5 basis points, while the yield on the 50-year UK bond rose by 1.3 basis points. The 2/10-year UK bond yield spread decreased by 0.209 basis points to +59.918 basis points.