Market Analysis: UK Long-term Government Bond Yields May Decline Recently

Capital market strategists at the Royal Bank of Canada stated in a report that after the yield on the UK 30-year government bond reached a 27-year high last week, the yield on UK long-term government bonds may decline in the coming months. The bank noted that the UK Debt Management Office is increasing the proportion of short-term government bonds during the October to December period, which may support demand for long-term government bonds and alleviate pressure on long bond yields. It is also expected that the Bank of England will reduce the sale of government bonds according to its quantitative tightening plan. The strategists indicated that this should support UK long-term government bonds