Gilt market
Assessed by an AI model against this signal's rubric. Describes conditions; not a forecast or advice.
WatchEasing10y 5.29% (30 Oct)
Gilt yields ease after the Budget but stay near 19-year highs
Why it's at this level
The 10-year gilt yield was 5.29% at the 30 Oct close and the 30-year 5.72%, near multi-decade highs. Yields fell to their lowest since 22 Sep after Chancellor John Healey's first Budget met the fiscal rules. Markets reopen on 2 Nov ahead of the 5 Nov Bank of England decision.
What this means for you
Fixed-rate mortgage pricing tracks gilt yields, so new fixed deals remain expensive by recent standards.
Why it matters
Gilt yields set UK mortgage rates and the government's borrowing costs; the 2022 LDI crisis showed how fast it can break.
What moves it
Fiscal credibility, BoE policy, inflation, global bond moves, pension-fund flows.
Status at each of the last 8 checks
How it's rated
Alert
BoE intervention, or 10y moved > 75bp in a month.
Watch
30y gilt at multi-decade highs, or 10y moved 40–75bp in a month, or a weak auction.
Normal
10y gilt moved < 40bp in a month and auctions orderly.