0805 GMT - U.K. government bonds, or gilts, could experience higher volatility as investors await the Bank of England interest rate decision due on Thursday, Tickmill Group's Patrick Munnelly says in a note. The BOE is widely expected to keep interest rates on hold at 3.75%, but markets will look for signals of potential rate rises at future meetings, Munnelly says. The special election in Makerfield constituency due on Thursday also "adds to that sensitivity because it may shape expectations around Labour leadership and the future fiscal strategy", he says. One of the candidates in the election, Andy Burnham, has said he would enter any Labour leadership contest if he wins. Ten-year gilt yields fall 7 basis points to 4.767%, the lowest in two months, after the U.S. and Iran reach a peace agreement, Tradeweb data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 04:08 ET (08:08 GMT)

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