Yields on 10-year U.K. government bonds, or gilts, rise to their highest in two weeks, tracking rises in U.S. Treasury yields. Treasury yields rise ahead of Wednesday's minutes of the Federal Reserve's June meeting as traders bet on a U.S. interest-rate increase by year-end. However, gilts could get a boost from the BOE's financial stability report at 0930 GMT, ING strategists say in a note. The report might include eased leverage ratio requirements for banks, which could make gilts more attractive, they say. "The leverage ratio is especially punitive for low-risk activities such as government bond repos." The 10-year gilt yield rises around 3 basis points to a high of 4.823% in early trade, Tradeweb data show. (jessica.fleetham@wsj.com)
Dow Jones Newswires
Ten-Year Gilt Yield Rises to 2-Week High; BOE Report Could Provide Relief — Market Talk
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Yields on 10-year U.K. government bonds, or gilts, rise to their highest in two weeks, tracking rises in U.S. Treasury yields. Treasury yields rise ahead of Wednesday's minutes of the Federal Reserve's June meeting as traders bet on a U.S. interest-rate increase by year-end. However, gilts could ge…