0915 GMT - Yields on U.K. government bonds climb after Thursday's above-forecast U.K. GDP data caused markets to lower their expectations of interest-rate cuts from the Bank of England. Markets now only price in an 18% probability of a BOE rate cut in March, down from a 27% chance priced in earlier this week, LSEG Refinitiv data show. "Front-end pricing for [monetary] easing is increasingly centered on May and August," Barclay's Moyeen Islam says in a note. The 10-year gilt yield rises 3 basis points to 4.511%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 14, 2025 04:15 ET (09:15 GMT)
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