UK borrowing costs plunge, heading for first daily decline in 2025 as inflation fears ease

UK borrowing costs dropped significantly on Wednesday, driven by lower consumer inflation data in both the UK and the US. The yield on 10-year UK government bonds decreased by 16 basis points to 4.727%, marking its first daily decline since December 31. Additionally, the yields on 2-year and 30-year UK bonds also fell by 15 basis points each, following concerns over the country’s growth outlook and debt load.

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