Short-term British Treasury yields fell after weak UK labor market data and US inflation data eased market concerns about rising inflation, following the trend of short-term US Treasury bonds. Scott Helfstein, head of investment strategy at Global X, said in a report: “The initial US inflation data may reassure the market, which increases the possibility that the Federal Reserve will take steps to cut interest rates.” According to Tradeweb data, the 2-year UK Treasury yield fell about 2 basis points to 3.963%. The 2-year US Treasury yield fell, and the latest report was 3.992%.

Short-term British Treasury yields fell after weak UK labor market data and US inflation data eased market concerns about rising inflation, following the trend of short-term US Treasury bonds. Scott Helfstein, head of investment strategy at Global X, said in a report: “The initial US inflation data may reassure the market, which increases the possibility that the Federal Reserve will take steps to cut interest rates.” According to Tradeweb data, the 2-year UK Treasury yield fell about 2 basis points to 3.963%. The 2-year US Treasury yield fell, and the latest report was 3.992%.