UK 10 Year Yield Update 18 December 2025
Gilts doing better than expected
As CPI drops, and the Bank of England told us it would, GILTS seem to be outperforming other bond markets. BoE decision today looks like a 25bps cut which would be good timing.
Yield is still in the wedge though and it could be a few months yet before a break out one way or another.