The United Kingdom’s gilts remained flat during European trading hours Tuesday, amid a muted session that barely witnessed any data of major economic significance, after returning from a long weekend.
The yield on the benchmark 10-year gilts, hovered around 0.555 percent, the 30-year yield edged tad higher to 1.088 percent and the yield on the short-term 2-year too traded steady at 0.396 percent by 10:45GMT.
It should be a relatively quiet day for economic news today with just the UK Finance lending figures for July, which are likely to confirm that consumer credit growth moderated further at the start of Q3, while mortgage lending growth remained broadly stable, Daiwa Capital Markets reported.
But after EU leaders clearly put the ball in the UK’s court to propose a workable alternative solution to the Irish backstop, opposition leaders are set to meet today to consider how to block a no-deal Brexit, most likely via legislative means, the report added.
Meanwhile, the FTSE 100 traded tad -0.23 percent down at 7,078.73 by 10:50GMT.


New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum
South Korea Remains MSCI Emerging Market Despite Reform Progress
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 



