英国10年期国债收益率升至4.5%以上，在墨西哥和加拿大将美国计划的关税推迟一个月后，从七周低点反弹。早些时候，对这些国家的关税和对欧盟的潜在征税的担忧使英国的收益率降至4.442%。贸易紧张局势仍然很高，因为中国对美国商品征收关税进行报复，并在特朗普对中国进口商品征收10%关税后对谷歌展开调查，这再次引发了人们对贸易战加剧的担忧。在市场不确定性中，投资者越来越期望英格兰银行今年多次降息以支持经济。目前，期货价格预计英国央行将在12月前降息81个基点，在即将召开的会议上，降息25个基点至4.5%的可能性为95%。与此同时，美联储上周维持利率不变，表明对未来降息持谨慎态度，而欧洲央行将利率下调25个基点，并暗示如有必要将进一步放松。

The UK’s 10-year gilt yield rose above 4.5%, rebounding from a seven-week low after Mexico and Canada delayed planned US tariffs by a month. Earlier concerns over tariffs on these countries and potential levies on the EU had pushed UK yield to as low as 4.442%. Trade tensions remain high as China retaliated with tariffs on US goods and launched an investigation into Google following Trump’s 10% tariff on Chinese imports, reigniting fears of a deepening trade war. Amid market uncertainty, investors increasingly expect the Bank of England to cut rates multiple times this year to support the economy. Futures now price in 81 basis points of BoE rate cuts by December, with a 95% chance of a 25bps cut to 4.5% at the upcoming meeting. Meanwhile, the Federal Reserve kept rates unchanged last week, signaling caution on future cuts, while the European Central Bank lowered rates by 25bps and hinted at further easing if needed.