UBS: The rise in UK government bond yields is driven by global factors rather than domestic risks

Golden Ten Data reported on July 15 that UBS Global Research strategists stated in a report that the recent rise in UK government bond yields is mainly driven by the increase in oil prices, rather than domestic factors in the UK. They noted that the yield spreads between UK government bonds and US and German government bonds remain within a controllable range, indicating that geopolitical concerns are the primary reason for the rise in UK government bond yields.