Core Viewpoint - The UK bond market experienced a significant rise in yields, particularly in the 10-year bond, which increased by 6.2 basis points to 4.727% during the late European trading session on May 28 [1] Summary by Relevant Categories Yield Changes - The 10-year UK government bond yield rose by 6.2 basis points, reaching 4.727% after a "gap up" opening and maintaining an upward trend throughout the day [1] - The 2-year UK bond yield increased by 5.4 basis points to 4.075%, briefly dipping to a daily low of 4.032 before expanding its gains [1] - The 30-year UK bond yield saw an increase of 4.5 basis points, while the 50-year bond yield rose by 4.0 basis points [1] Yield Spread - The yield spread between the 2-year and 10-year UK bonds widened by 0.688 basis points, now standing at +65.033 basis points [1]

Group 1 - The yield on the UK 10-year government bonds decreased by 5.0 basis points, reaching 4.663%, and continued to decline throughout the day, hitting a low of 4.658% [1] - The 2-year UK bond yield fell by 3.5 basis points, settling at 3.988% [1] - The 30-year UK bond yield dropped by 5.7 basis points, while the 50-year bond yield decreased by 5.3 basis points [1] Group 2 - The yield spread between the 2-year and 10-year UK bonds narrowed by 1.425 basis points, now at +67.206 basis points [1]

Group 1 - The yield on the UK 10-year government bonds increased by 4.4 basis points, reaching 4.714% during the late European session on May 14 [1] - The 2-year UK bond yield rose by 4.1 basis points, reported at 4.023%, after hitting a daily low of 3.960% earlier in the day [1] - The 30-year UK bond yield increased by 4.7 basis points, while the 50-year UK bond yield rose by 6.4 basis points [2] Group 2 - The 2/10 year UK bond yield spread remained flat at +68.789 basis points [2]

Group 1 - Investors are assessing the US economic conditions under moderate inflation and recent trade agreements, leading to a slight increase in US Treasury prices and a decline in yields [1] - The 2-year Treasury yield decreased by 0.6 basis points to 4.011%, the 10-year yield fell by 2.4 basis points to 4.475%, and the 30-year yield dropped by 2.5 basis points to 4.918% [1] - Mortgage demand in the US has risen for the second consecutive week, indicating that potential buyers are attracted by the increased supply of homes for sale [3] Group 2 - The average contract rate for a 30-year fixed mortgage increased from 6.84% to 6.86%, which is 22 basis points higher than the same period last year [3] - The Consumer Price Index (CPI) for April rose by 2.3% year-on-year, which is below economists' expectations of 2.4% and reflects the lowest level since February 2021 [3] - Housing costs were the main driver of inflation in April, despite a decrease in gasoline prices [3] Group 3 - Economists are looking for early signs of tariffs affecting US households, as tariffs are expected to increase consumer prices [4] - Deutsche Bank analysts noted that the impact of tariffs on inflation data is still not fully reflected and may become apparent by June [4] - The UK central bank's chief economist expressed concerns that inflation in the UK may be stronger than expected, potentially requiring higher interest rates than investors anticipate [5] Group 4 - The US Treasury is set to issue a $60 billion 17-week short-term debt on May 14, with additional bonds totaling $160 billion to be issued on May 15 [7]