UK 10-year bond yield climbed to a fresh high since August 2007 at 5.29%, up 7 bps on the day.

Internal documents and a person familiar with the matter show Honda Motor plans to cut more than $9 billion in costs over the next four years and has asked suppliers for steep price reductions. Management presented the plan at a spring supplier meeting and then issued company-specific cost-cutting targets to each supplier. Documents indicate Honda seeks 30% cost reductions in three key component categories.

英國央行貨幣政策委員曼恩：第一季度的工資談判是基於前一季度的通脹情況。