The medium to long-term UK bond yield fell by around 7 basis points.

In the European market at the end of Wednesday, the yield on the 10-year UK government bond fell by 6.8 basis points to 4.672%, continuing to fluctuate downward throughout the day. Data released at 14:00 GMT showed that UK CPI in July rose by 3.8% year-on-year, slightly higher than analysts' expectations of 3.7% from the previous estimate of 3.6%. Core CPI also increased by 3.8% year-on-year, in line with expectations at 3.7%. After the data release and the opening of the European stock market, the UK bond yield remained stable above 4.720% for a month, forming an intraday peak before declining. The 2-year UK bond yield fell by 5.8 basis points to 3.922%. The 30-year UK bond yield fell by 7.1 basis points to 5.531%, and the 50-year UK bond yield fell by 7.4 basis points to 4.904%. The 2/10-year UK bond yield spread decreased by 1.066 basis points to +74.789 basis points.