At the end of the European market on Thursday, the yield on UK 10-year treasury bonds rose 0.2 basis points to 5.132%. It traded around 5.104% before the Bank of England announced an interest rate hike. The two-year British bond yield rose 0.6 basis points to 4.748%. The Bank of England fluctuated at a low level before announcing an interest rate hike at 20:00 Beijing time — held steady at around 4.72%, then pulled up in the short term. US stocks reached a new high of 4.801% at the opening of the market, then fluctuated downward. The yield on 30-year British bonds rose 1.3 basis points, and the yield on 50-year British bonds rose 0.5 basis points. The 2/10-year British bond yield spread fell 0.412 basis points to +38.303 basis points, showing an overall V-shaped trend. The overall trend was as low as +35.558 basis points at 20:48.

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