欧洲债市：英国国债上涨 英国央行降息押注升温

Core Viewpoint - UK government bond prices have slightly increased as a hawkish Bank of England official highlighted the sluggish economic growth, leading to market speculation about a potential interest rate cut next month [1][6]. Group 1: Economic Indicators - Catherine Mann, a rate-setting official at the Bank of England, stated that the UK economy is "sluggish" and "weak," with high inflation leaving consumers with "trauma," resulting in reduced spending [1][7]. - Traders are betting that the Bank of England will cut rates by a total of 48 basis points this year, slightly up from about 46 basis points over the weekend [2][8]. - Upcoming UK employment data, expected to show a slowdown, may reinforce rate cut speculation, while CPI data is set to be released on Wednesday [3][9]. Group 2: Market Performance - The yield on 10-year UK government bonds fell by 2 basis points to 4.39% [5][12]. - German 10-year government bond yields decreased by 1 basis point to 2.75%, with trading remaining light [4][11]. - Italian 10-year government bond yields also dropped by 1 basis point to 3.36%, while the spread between Italian and German bonds widened by 1 basis point to 61 basis points [5][11]. - French 10-year government bond yields fell by 1 basis point to 3.33% [5][11].