UBS global research strategists said in a report the recent rise in UK government bond yields has been driven mainly by higher oil prices rather than UK-specific factors. They said yield spreads between UK, US and German bonds remain within a manageable range, indicating geopolitical concerns are the primary driver of the move.

2026-07-15

UBS global research strategists said in a report the recent rise in UK government bond yields has been driven mainly by higher oil prices rather than UK-specific factors. They said yield spreads between UK, US and German bonds remain within a manageable range, indicating geopolitical concerns are the primary driver of the move.