# Gilts: UK borrowing costs drop after inflation print

> UK two-year gilt yields fell about 24 to 27 basis points after inflation came in below expectations, as markets trimmed expectations for the Bank of England's peak rate to 5.75% from 6%. The 10-year gilt yield dropped 18 basis points to 4.152%.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/35298-gilts-uk-borrowing-costs-drop-after-inflation-print
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Lower gilt yields reflect easing rate expectations in the UK, with no direct effect on feed commodity supply, demand or prices.

## Sources

- cnbc.com: https://www.cnbc.com/2023/07/19/gilts-uk-borrowing-costs-drop-after-lower-than-expected-inflation-print-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.