On Thursday, U.S. ​bonds rose slightly, breaking away from the sharp drop in UK bonds. The U.S. 2-year treasury notes yield fell by 1.23 basis points to 4.1702%, while the U.S. 10-year treasury notes yield fell by 1.6 basis points to 4.2844%. UK bonds plunged as the UK government announced an expansionary fiscal policy, causing the money market to significantly reduce bets on the magnitude of interest rate cuts by the Bank of England. European stock markets recorded their largest single-month decline in a year, with disappointing financial reports from companies like BNP Paribas in France. The UK 10-year treasury notes yield rose by 9.4 basis points to 4.446%, while the German 10-year treasury notes yield rose by 0.2 basis points to 2.39%.

(Data source: Bloomberg, bond trading platform summary)