UK Two-Year Gilt Yields Rise as Oil Advances 3.2%
Two-year gilt yields climbed to a two-week high as Brent crude rose 3.2% to $94.4 a barrel. Markets raised expectations of a Bank of England rate increase in December amid higher energy prices and inflation risk.
Yields on two-year U.K. government bonds, or gilts, climb to a two-week high as oil prices advance. Markets have raised their expectations of the Bank of England raising interest rates in December as high energy prices increase inflation risk. Brent crude rises 3.2% to $94.4 a barrel.
Two-year gilt…