The yield on the UK 10-year gilt rose above 4.7%, its highest level since October 9 and up around 15 basis points on the week, as investors increased bets that the Bank of England could raise interest rates later this year. Expectations of tighter monetary policy have strengthened amid a sharp rise in energy prices linked to escalating tensions between the United States, Israel, and Iran. Oil prices surged above $100 per barrel as the conflict showed no signs of de-escalating, raising concerns that higher energy costs could reignite inflationary pressures across Europe. As a result, investors currently price in roughly an 80% probability of a 25-basis-point BOE rate hike by the end of the year. Meanwhile, data from the Office for National Statistics showed the UK economy stalled in January, missing expectations for 0.2% growth. Services activity was flat and production fell 0.1%, while GDP increased just 0.2% over the three months to January, slightly below forecasts.

The yield on United Kingdom 10Y Bond Yield rose to 4.77% on March 13, 2026, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.37 points and is 0.10 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 March 14 of 2026.

The yield on United Kingdom 10Y Bond Yield rose to 4.77% on March 13, 2026, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.37 points and is 0.10 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 4.56 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 4.34 in 12 months time.



Bonds Yield Day Month Year Date
UK 10Y 4.77 0.057% 0.369% 0.096% Mar/13
UK 1M 3.83 0.019% 0.058% -0.629% Mar/13
UK 3M 3.82 -0.014% 0.106% -0.600% Mar/13
UK 6M 3.90 -0.007% 0.221% -0.549% Mar/13
UK 52W 4.04 0.036% 0.496% 0.015% Mar/13
UK 3Y 4.22 0.036% 0.581% 0.046% Mar/13
UK 5Y 4.34 0.042% 0.534% 0.057% Mar/13
UK 7Y 4.55 0.047% 0.560% 0.190% Mar/13
UK 20Y 5.44 0.054% 0.351% 0.259% Mar/13
UK 30Y 5.50 0.039% 0.291% 0.233% Mar/13
UK 2Y 4.14 0.046% 0.563% -0.060% Mar/13



Related Last Previous Unit Reference
United Kingdom Inflation Rate 3.00 3.40 percent Jan 2026
United Kingdom Interest Rate 3.75 3.75 percent Feb 2026
United Kingdom Unemployment Rate 5.20 5.10 percent Dec 2025

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
4.77 4.71 16.09 0.07 1980 - 2026 percent Daily

News Stream
UK Gilt Yield Hits Five-Month High on Rate Hike Expectations
The yield on the UK 10-year gilt rose above 4.7%, its highest level since October 9 and up around 15 basis points on the week, as investors increased bets that the Bank of England could raise interest rates later this year. Expectations of tighter monetary policy have strengthened amid a sharp rise in energy prices linked to escalating tensions between the United States, Israel, and Iran. Oil prices surged above $100 per barrel as the conflict showed no signs of de-escalating, raising concerns that higher energy costs could reignite inflationary pressures across Europe. As a result, investors currently price in roughly an 80% probability of a 25-basis-point BOE rate hike by the end of the year. Meanwhile, data from the Office for National Statistics showed the UK economy stalled in January, missing expectations for 0.2% growth. Services activity was flat and production fell 0.1%, while GDP increased just 0.2% over the three months to January, slightly below forecasts.
2026-03-13
UK Gilt Yields Hit Five-Month High on Rate Hike Bets
The yield on the UK 10-year gilt climbed above 4.6%, marking its highest level since mid-October, as investors increasingly bet on a Bank of England rate hike this year amid rising energy prices fueled by the Middle East conflict, which could push inflation higher. Oil prices extended their rally after Iran intensified attacks on oil and transportation infrastructure across the region. Meanwhile, the International Energy Agency’s plan to release 400 million barrels from strategic reserves provided little immediate relief, as the supply may take weeks or months to reach the market. Money markets now assign a greater than 50% probability of a 25-basis-point rate hike by the Bank of England in December, a notable shift from expectations of no change just last Wednesday. Investors are also eyeing upcoming UK economic data, including the monthly GDP figures scheduled for Friday.
2026-03-12
UK 10-Year Gilt Yield Near Four-Month High
The UK 10-year gilt yield climbed back to around 4.55%, remaining close to the near four-month high of 4.59% reached earlier this week, as investors scaled back expectations for further interest rate cuts from the Bank of England this year. Rising geopolitical tensions linked to the Iran conflict have pushed energy prices higher and revived inflation concerns, prompting markets to reassess the outlook for monetary easing. Although oil prices have retreated from peaks above $100 per barrel, the earlier surge has been enough to significantly alter rate expectations. Money markets are now pricing in very little chance of rate cuts this year, a sharp shift from before the conflict, when investors had been anticipating around two reductions. Investors are also turning their attention to upcoming UK economic data, particularly the release of monthly GDP figures on Friday.
2026-03-11