One month forward Gilt rates peaked at 5.67% this week, compared to 5.72% the previous week. The 2-year/10-year United Kingdom Gilt spread closed the week at 0.017%, compared to 0.075% one week prior.

Over the last week, Treasury 2-year yields moved to 4.27% this week from 4.4% last week. At 10 years, this week’s yield is 4.61%, compared with 4.79% last week. As a result, the current 2-year/10-year ...