UK 10-year gilt yields tumbled below 4.8%, hitting their lowest since mid-April, after US President Donald Trump suggested a US-Iran deal could come as soon as this weekend, though Tehran has yet to confirm. Yields have been volatile, moving in line with oil prices and war-related developments, as traders weigh the risks of a prolonged Strait of Hormuz closure. The longer the disruption lasts, the higher the chance that elevated energy prices will fuel broader inflation, potentially compelling central banks to implement significant rate hikes. Meanwhile, UK GDP shrunk 0.1% in April, the first monthly drop since August, casting doubt on further Bank of England tightening. Investors are also focused on the June 18 Makerfield by-election, where Labour’s Andy Burnham, a potential successor to embattled Prime Minister Keir Starmer, could signal a shift toward looser fiscal policy.

The yield on United Kingdom 10Y Bond Yield eased to 4.83% on June 12, 2026, marking a 0.08 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.22 points, though it remains 0.28 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the UK 10 Year Bond Yield reached an all time high of 16.09 in November of 1981. UK 10 Year Bond Yield - data, forecasts, historical chart - was last updated on June 14 of 2026.

The yield on United Kingdom 10Y Bond Yield eased to 4.83% on June 12, 2026, marking a 0.08 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.22 points, though it remains 0.28 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The UK 10 Year Bond Yield is expected to trade at 4.82 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.56 in 12 months time.



Bonds Yield Day Month Year Date
UK 10Y 4.83 -0.077% -0.220% 0.277% Jun/12
UK 1M 3.83 -0.010% -0.003% -0.484% Jun/12
UK 3M 3.90 -0.010% -0.068% -0.383% Jun/12
UK 6M 4.03 -0.032% -0.096% -0.230% Jun/12
UK 52W 4.12 -0.065% -0.203% 0.344% Jun/12
UK 3Y 4.30 -0.103% -0.244% 0.363% Jun/12
UK 5Y 4.38 -0.089% -0.232% 0.315% Jun/12
UK 7Y 4.56 -0.078% -0.231% 0.372% Jun/12
UK 20Y 5.47 -0.061% -0.225% 0.309% Jun/12
UK 30Y 5.54 -0.055% -0.196% 0.270% Jun/12
UK 2Y 4.23 -0.128% -0.276% 0.267% Jun/12



Related Last Previous Unit Reference
United Kingdom Inflation Rate 2.80 3.30 percent Apr 2026
United Kingdom Interest Rate 3.75 3.75 percent May 2026
United Kingdom Unemployment Rate 5.00 4.90 percent Mar 2026

UK 10 Year Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.83 4.91 16.09 0.07 1980 - 2026 percent Daily

News Stream
UK Gilt Yields Plunge on US-Iran Deal Hopes
UK 10-year gilt yields tumbled below 4.8%, hitting their lowest since mid-April, after US President Donald Trump suggested a US-Iran deal could come as soon as this weekend, though Tehran has yet to confirm. Yields have been volatile, moving in line with oil prices and war-related developments, as traders weigh the risks of a prolonged Strait of Hormuz closure. The longer the disruption lasts, the higher the chance that elevated energy prices will fuel broader inflation, potentially compelling central banks to implement significant rate hikes. Meanwhile, UK GDP shrunk 0.1% in April, the first monthly drop since August, casting doubt on further Bank of England tightening. Investors are also focused on the June 18 Makerfield by-election, where Labour’s Andy Burnham, a potential successor to embattled Prime Minister Keir Starmer, could signal a shift toward looser fiscal policy.
2026-06-12
UK 10Y Bond Yield Hits 7-week Low
UK 10 Year Government Bond Yield decreased to 4.79%, the lowest since April 2026. Over the past 4 weeks, United Kingdom 10Y Bond Yield lost 25.50 basis points, and in the last 12 months, it increased 24.21 basis points.
2026-06-12
UK Gilt Yields Hold Near May Highs as Inflation Concerns Intensify
UK 10-year gilt yields remained little changed at 4.94%, close to their highest level since May 21, as inflation concerns deepened amid escalating Middle East tensions. The US and Iran exchanged air strikes, with US President Donald Trump threatening further action unless Tehran agrees to a peace deal immediately. Money markets currently price in at least a 25-basis-point rate hike by the Bank of England in September, with a high probability of a second increase by the end of the year. Investors are now focused on Friday’s monthly GDP data, alongside manufacturing output and foreign trade balance figures. Forecasts indicate the UK economy likely contracted by 0.1% in April due to the delayed impact of the Iran conflict on businesses and consumers, with political uncertainty surrounding the Labour Party’s leadership adding to the downturn.
2026-06-11