0830 GMT - Yields on U.K. government bonds, or gilts, fall ahead of an anticipated interest-rate cut by the Bank of England this week. Markets price in a 98% probability of a 25 basis-point cut to 4.5% on Thursday, LSEG Refinitiv data show. "I suspect this Thursday's BOE will be sufficiently dovish to strongly raise odds of another cut already at the March meeting," Saxo's John Hardy says in a note. The 10-year gilt yield falls 3 basis points to 4.488%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 03:30 ET (08:30 GMT)
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