Global Market: UK Gilt yields rise as oil, US Treasury yields weigh on bonds

UK gilt yields moved higher as oil prices and US Treasury yields put pressure on bonds. The shift came as markets assessed broader forces affecting government debt.

Gilt yields respond to external bond pressure

The rise in gilt yields followed an increase in oil prices and higher US Treasury yields, both of which weighed on the UK bond market. The available information does not provide further details on the size of the move or the specific maturities affected.

Finance minister met primary-dealer economists

The market move came one day after Finance Minister John Healey met economists working for primary dealers. No further details of that meeting were provided.

For now, the reported development is a rise in UK gilt yields alongside pressure linked to oil and US Treasury markets.