The yield on British treasury bonds climbed, following the trend of Japanese treasury bonds, after the Bank of Japan raised interest rates last week. A strategist at Deutsche Bank's research department said in a report that the yen weakened after the interest rate hike on Friday, raising concerns about the Bank of Japan raising interest rates again. Yields also rose, with previous data showing that the UK economy grew by only 0.1% in the third quarter. Analysts said the details of the data included a number of positive factors, including improvements in consumer spending and corporate investment. The 10-year UK Treasury yield rose 1.7 basis points to 4.535%, according to Tradeweb data. The 10-year Japanese Treasury yield rose 5 basis points, and the latest report was 2.074%.

The yield on British treasury bonds climbed, following the trend of Japanese treasury bonds, after the Bank of Japan raised interest rates last week. A strategist at Deutsche Bank's research department said in a report that the yen weakened after the interest rate hike on Friday, raising concerns about the Bank of Japan raising interest rates again. Yields also rose, with previous data showing that the UK economy grew by only 0.1% in the third quarter. Analysts said the details of the data included a number of positive factors, including improvements in consumer spending and corporate investment. The 10-year UK Treasury yield rose 1.7 basis points to 4.535%, according to Tradeweb data. The 10-year Japanese Treasury yield rose 5 basis points, and the latest report was 2.074%.