UK gilt yields fall sharply as oil prices retreat

Eeii AG

02/10/2026 08:53

LONDON, Oct 2 (Reuters) - British government bond ⁠yields fell on Friday after surging to multi-decade highs a day earlier as signs of recovering Middle Eastern energy supplies helped oil prices to cool.
The yield on 2-year gilts GB2YT=RR slumped by 12 basis points to the lowest since September 10 at 4.6882%, on course for the biggest daily fall since September 16.   
Ten-year gilt yields GB10YT=RR, which hit their highest since 2007 on Thursday, fell as ​low ‌as 5.323%, down 6 bps, with similar sized ‌moves in the five-year yield. 
The 30-year yield GB30YT=RR was down 6 bps, a day after surpassing 6% for the first time since 1998.


       

 (Reporting by Suban Abdulla
Editing by William Schomberg)
 ((Suban.Abdulla@thomsonreuters.com;))