UK bond yields sharply lower after inflation data earlier

<p>This builds from the earlier post <a href="https://www.forexlive.com/news/bond-yields-fall-further-as-uk-inflation-eases-20230719/" target="_blank" rel="follow">here</a>. UK bond yields are now sharply lower on the day and with good reason, as the market odds for the BOE outlook have shifted by quite a fair bit as seen <a href="https://www.forexlive.com/news/boe-watch-a-25-bps-rate-hike-is-now-more-favoured-in-august-20230719/" target="_blank" rel="follow">here</a>. 10-year gilt yields are also down around 15 bps now to 4.18% on the day.</p>

This article was written by Justin Low at www.forexlive.com.