Trump Says Ceasefire Has Ended; UK Government Bond Yields Extend Gains

UK government bond yields extended earlier gains, rising to their highest level since June 10, after U.S. President Donald Trump said the ceasefire agreement with Iran had ended. According to Jin10, the logic cited was that the news further lifted Brent crude prices, increased inflation risks in the UK, and could prompt the Bank of England to raise interest rates in the coming months.