The yield on UK 10-year government bond rose to 0.66%, recovering from a recent five-month low, after Bank of England policymaker Michael Saunders said the central bank might need to withdraw some of the current monetary stimulus sooner-than-anticipated due to a spike in inflation and a strong economic recovery. The UK government is likely to remove remaining coronavirus-induced restrictions on July 19th. Earlier, UK yields dropped to their lowest since mid-February, tracking a global rally in fixed-income prices and as worries over a slower global growth mounted.
Historically, the United Kingdom Government Bond 10Y reached an all time high of 16.09 in November of 1981. United Kingdom Government Bond 10Y - data, forecasts, historical chart - was last updated on July of 2021.
The United Kingdom Government Bond 10Y is expected to trade at 0.73 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.97 in 12 months time.