On November 5, UK government bond yields held gains after the Bank of England announced its first interest rate increase since 2023. The 10-year gilt yield rose 0.2 basis points to 5.132%, while the 2-year yield climbed 0.6 basis points to 4.748%. The 30-year and 50-year yields gained 1.3 and 0.5 basis points respectively. Before the central bank's rate decision at 20:00 Beijing time, the 10-year yield had been trading near 5.104% and the 2-year near 4.72%, with sharp upside moves following the announcement.

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