The two-year UK government bond yield increased by around 86 basis points in March, and increased by around 68 basis points in the first quarter.

In the European market at the close on Tuesday, the yield on UK 10-year government bonds fell by 1.7 basis points to 4.918%, with a cumulative increase of 68.5 basis points in March and a cumulative increase of 41.8 basis points in the first quarter. The yield on UK 2-year bonds fell by 4.3 basis points to 4.409%, with a cumulative increase of 85.7 basis points in March and a cumulative increase of 67.8 basis points in the first quarter. The yield on UK 30-year bonds fell by 1.8 basis points to 5.525%, with a cumulative increase of 48.2 basis points in March; the yield on UK 50-year bonds fell by 1.2 basis points to 5.079%, with a cumulative increase of 44.8 basis points in March. The 2/10-year bond yield spread in the UK increased by 2.593 basis points to +50.523 basis points, with a cumulative decrease of 20.300 basis points in March.