British government bond prices rise as the Bank of England cuts interest rates, fueling bets.

British government bond prices rose slightly, as a hawkish decision maker from the Bank of England emphasized the sluggish economic growth in the UK, prompting speculation in the market that the central bank may lower interest rates next month. European bond prices remained mostly unchanged, while US treasury futures held steady as the US bond spot market was closed for the holiday. The yield on 10-year British government bonds fell by 2 basis points to 4.39%.