UK 30-year government bond yields surge after the Federal Reserve decision

According to a report by Jinse Finance, on July 30, following the Federal Reserve’s announcement on Wednesday to keep interest rates unchanged, the yield on the 30-year US Treasury bond rose sharply, driving the yield on the 30-year UK government bond to a one-week high. The Federal Reserve did not provide guidance on possible policy actions at upcoming meetings, increasing market uncertainty. Tickmill Group analyst Patrick Munnelly stated in a report that the surge in long-term Treasury yields is “the long end of the market protesting uncertainty, inflation risks, and the Federal Reserve’s willingness to let market rates bear some of the tightening in financial conditions.” The yield on the 30-year UK government bond intraday once touched 5.759%, reaching a one-week high.