UK Four-Year Gilt Yield Climbs to 4.945% as Longer Yields Rise

The United Kingdom’s four-year government bond yield climbed to 4.945% from 4.786%, while increases in longer-term yields added to pressure on government borrowing costs.

The bid-to-cover ratio rose to 3.415 at the latest auction. The measure compares demand with the amount offered.

Market participants are watching upcoming inflation and wage data, along with comments from Bank of England officials, for signals that could shape rate expectations.