The yield on UK 10-year government bond tumbled towards 0.8%, hitting its lowest level since November 9th, as investors turned to safety amid concerns over the spread of a newly-identified coronavirus variant. The new variant, which could be significantly more resistant to current vaccines due to a significantly altered spike protein, prompted some countries including the UK to announce a temporary ban on flights from South Africa and several neighboring countries.
Historically, the United Kingdom Government Bond 10Y reached an all time high of 16.09 in November of 1981. United Kingdom Government Bond 10Y - data, forecasts, historical chart - was last updated on November of 2021.
The United Kingdom Government Bond 10Y is expected to trade at 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.17 in 12 months time.