Gilt Yields Edge Higher; Elevated Oil Prices Remain a Concern -- Market Talk

0751 GMT - Yields on U.K. government bonds rise slightly, reversing some of the previous day's falls as focus turns to key U.S. jobs data at 1230 GMT amid uncertainty over the timing of a possible U.S. interest-rate rise. Meanwhile, oil prices remain elevated, keeping alive concerns about inflation. Middle East tensions and the blockade on the Strait of Hormuz are contributing to rising energy prices. Investors fully price in two quarter-point interest-rate rises by the Bank of England by March 2027, LSEG data show. The price of a barrel of Brent crude edges down 0.4% but remains high at $95.11. Ten-year gilt yields rise 0.6 basis points to last trade at 5.157%, Tradeweb data show. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

September 04, 2026 03:51 ET (07:51 GMT)