Gilt Yields Climb as High Oil Prices Drive Inflation Concerns
Dow Jones
Jul 22
0732 GMT - Yields on U.K. government bonds rise as soaring oil prices raise the prospects of high inflation and the possibility of the Bank of England increasing interest rates later this year. U.K. annual inflation for June decelerated to 2.6% from 2.8% in May due to a brief drop in oil prices in June following the U.S.-Iran ceasefire deal. Oil prices have resumed rising after the Middle East conflict resurfaced, with Brent crude rising 2.4% on Wednesday to $93.3 a barrel. Ten-year gilt yields climb 1.3 basis points to last trade at 5.041%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 03:32 ET (07:32 GMT)
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