As another rise in oil prices boosted inflation expectations, British treasury bonds continued to flatten the bearish trend, and their performance lagged behind German and US treasury bonds. UK 10-year Treasury yields rose 5 basis points to 4.92%; German and US 10-year Treasury yields rose 2 basis points to 3.09% and 1 basis point to 4.57%, respectively. The swap agreement shows that the Bank of England is expected to raise interest rates by 34 basis points before the end of the year, higher than the 30 basis points expected on Friday. Brent crude rose 3% to $78.32 a barrel.

As another rise in oil prices boosted inflation expectations, British treasury bonds continued to flatten the bearish trend, and their performance lagged behind German and US treasury bonds. UK 10-year Treasury yields rose 5 basis points to 4.92%; German and US 10-year Treasury yields rose 2 basis points to 3.09% and 1 basis point to 4.57%, respectively. The swap agreement shows that the Bank of England is expected to raise interest rates by 34 basis points before the end of the year, higher than the 30 basis points expected on Friday. Brent crude rose 3% to $78.32 a barrel.