Analyst: Limited further rise space for long-term UK bond yields

On January 7th, the Golden Data reported that analysts at the Bank of Canada said in a report that there is limited room for further rise in the yields of 10-year and 30-year UK government bonds. According to Tradeweb data, the yields of longer-term UK government bonds have risen significantly since early December last year. On Tuesday, the 30-year yield reached 5.218%, the highest level since the late 1990s, because the market recently dropped expectations for a rate cut by the UK Central Bank. Analysts said that further rise in yields would require a “further significant drop” in rate cut expectations, with the current expectation being a 56 basis point rate cut in 2025.