Prospects of a US-Iran deal drive oil prices lower, UK 10-year government bond yield falls to three-and-a-half-week low
智通财经2026/08/05 07:41Show original
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(1) Affected by the prospect that the United States and Iran may reach an agreement and reopen the Strait of Hormuz, UK government bond yields fell on Wednesday. US Treasury Secretary Bessent stated that negotiations were progressing smoothly and an agreement could be reached as soon as Wednesday. (2) Oil prices have plummeted this week, with Brent crude falling below $80 per barrel, effectively easing market concerns about inflation and boosting demand for safe-haven assets. (3) Data shows that UK 10-year government bond yields dropped more than 3 basis points to 4.880% on the day, hitting the lowest level in three and a half weeks. The decline in yields reflects market expectations for easing geopolitical risks and reduced inflationary pressure.
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