---
title: "STOCKS | Oil Price Surge Lifts U.K. Gilt Yields on Inflation Concerns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293440992.md"
description: "U.K. gilt yields rose as surging oil prices increased inflation expectations and the likelihood of a Bank of England rate hike. The 10-year yield climbed 1.3 basis points to 5.041%, while Brent crude gained 2.4% to $93.3 per barrel. Although U.K. inflation slowed to 2.6% in June due to a temporary ceasefire, renewed Middle East conflict has driven oil prices back up."
datetime: "2026-07-22T08:07:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293440992.md)
  - [en](https://longbridge.com/en/news/293440992.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293440992.md)
generator: "portal-rs"
---

# STOCKS | Oil Price Surge Lifts U.K. Gilt Yields on Inflation Concerns

U.K. gilt yields rose as surging oil prices pushed up inflation expectations and increased the chance of a Bank of England rate hike later this year. According to Jin10, U.K. 10-year gilt yields rose 1.3 basis points to 5.041%, while Brent crude gained 2.4% to $93.3 a barrel. U.K. inflation slowed to 2.6% in June from 2.8% in May, mainly because oil prices briefly fell in June after the United States and Iran reached a ceasefire agreement. Oil prices have resumed rising as conflict in the Middle East escalated again.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**