UK two-year gilt yields hit highest since June 9 after hot inflation data

British two-year government bond yields rose to 3.999%, the highest since June 9, reflecting rate speculation.

Yields climbed about three basis points as bond prices fell.

UK inflation hit 3.8% YoY in July, delaying expected Bank of England rate cuts.

Investors currently price in a potential BoE rate cut by April 2026.