The United Kingdom’s gilts surged during European trading hours Tuesday as investors turned deaf towards a stronger-than-expected growth in average wages for the month of May as participants still await the results of the country’s consumer price inflation (CPI) for the month of June, scheduled to be released on July 17 by 08:30GMT.
The yield on the benchmark 10-year gilts, slumped 2 basis points to 0.781 percent, the 30-year yield rose suffered 1-1/2 basis points to 1.393 percent and the yield on the short-term 2-year too traded 1-1/2 basis points down at 0.557 percent by 11:00GMT.
On the face of it, the latest British jobs report for May did little to change the narrative that the labour market is tight and either close to or at full employment. Employment continued to rise, the unemployment rate held at a 44-year low, and measures of pay growth (total and regular) both accelerated, Lloyds Bank reported.
However, the details of the report highlight some less positive compositional trends, which suggest that growing uncertainty over the longer-term outlook may be having a more noticeable impact on labour market activity, the report added.
Meanwhile, the FTSE 100 remained tad 0.42 percent higher at 7,563.45 by 11:05GMT


Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
FxWirePro: Daily Commodity Tracker - 21st March, 2022
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 



