The UK two-year government bond yield fell slightly before the interest rate decision.

Before the Bank of England announced its interest rate decision, the yield on 2-year UK government bonds decreased slightly. The market expected the Bank of England to keep the interest rate unchanged at 3.75%. Investors will pay attention to any signals from the central bank about the possibility of another rate cut in the coming months. According to Tradeweb data, the yield on 2-year UK government bonds dropped 2 basis points to 3.708%.