Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
The yield on the UK 10-year government bond rises above 4.8% as oil prices increase and expectations of interest rate hikes drive gains.

The yield on the UK 10-year government bond rises above 4.8% as oil prices increase and expectations of interest rate hikes drive gains.

汇通财经汇通财经2026/07/07 08:59
Show original
(1) The yield on the UK's 10-year government bond climbed above 4.8%, reaching its highest point since June 19, as the attack on ships in the Strait of Hormuz pushed up crude oil prices. (2) Renewed tensions in the strait drove crude oil back above $72 per barrel, the highest level since early July, further intensifying inflationary pressures. (3) Traders increased their bets on a Bank of England rate hike, with the probability of a rate hike by year-end at 76% and over 50% for a November hike. (4) Bank of England Governor Bailey recently reiterated that inflation will still return to the 2% target, although later than previously expected, and ruled out the possibility of a rate cut in the near term. (5) Politically, Burnham, the frontrunner to succeed Starmer as Prime Minister, has yet to appoint a Chancellor of the Exchequer, with former Energy Secretary Miliband as a possible candidate.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high

U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.

智通财经•2026/09/29 22:31

The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.

This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.

华尔街见闻•2026/09/29 22:26