UK 10-year gilt yields climb to two-month high following US Federal Reserve decision

UK 10-year gilt yields hit a two-month high, influenced by a US Federal Reserve decision. Yields rose to 4.569% after the Fed held interest rates steady, citing an improving economic outlook. This followed a modest uptick in US Treasury yields. The Bank of England is expected to maintain its interest rates at 3.75% next week, with rate cuts not fully anticipated until later in the year.