1429 GMT - Yields on U.K. government bonds, or gilts, fall, as expectations for Bank of England rate cuts increase while U.S. economic data have been weaker, causing Treasury yields to drop. Bank of England policymaker Swati Dhingra said in a speech Monday that gradual, quarterly rate cuts--which the BOE has been flagging as likely--could weigh on the economy. Money markets price in 57 basis points of rate cuts this year, having priced in 55 basis points last week. The two-year gilt yield trades at 4.165%, having earlier hit a two-week low of 4.143%, according to Tradeweb. The 10-year yield earlier hit its lowest in nearly two weeks at 4.472% and is last at 4.499%. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 09:30 ET (14:30 GMT)
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