Gilt Yields Ease as Traders Scale Back Rate Hike Bets
The UK 10-year gilt yield fell below 5.4% as investors pared back expectations for Bank of England (BoE) rate hikes. Chief Economist Huw Pill, one of the bank’s most hawkish policymakers, expressed skepticism over market pricing of four rate increases over the coming year. While arguing that the BoE should have acted s