The price of British debt fell across the board this week, with the yield on 50-year British debt rising approximately 10 basis points.

At the end of the European market on Friday, the yield on the 10-year UK government bond rose by 1.9 basis points to 4.674%, with a cumulative increase of 5.3 basis points for the week. It had fallen to 4.558% on Tuesday before bouncing back quickly, and continued to fluctuate at high levels from Wednesday to Friday, rising to 4.684% on Friday. The yield on the 2-year UK bond fell by 0.3 basis points to 3.902%, with a cumulative increase of 4.7 basis points for the week. The yield on the 30-year UK bond rose by 2.9 basis points to 5.511%, with a cumulative increase of 7.9 basis points for the week; and the yield on the 50-year UK bond rose by 3.1 basis points to 4.884%, with a cumulative increase of 9.9 basis points for the week. The 2/10-year UK bond yield spread increased by 2.231 basis points to +76.960 basis points, with a cumulative increase of 0.560 basis points for the week.