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Traders are increasing bets on the extent of interest rate cuts by the Bank of England, expecting a cumulative reduction of 68 basis points by the end of 2026.
On November 26, the yield on the UK two-year government bond fell by 7.1 basis points, reaching its lowest level since August 2024, at 3.693%. Traders increased their bets on the extent of interest rate cuts by the Central Bank of the UK, expecting a cumulative reduction of 68 basis points by the end of 2026. (Jin10)