UK 10-Year Gilt Yield
Daily yield-curve estimate, published with ~1-2 business days lag · yield, % per year
BoE yield-curve estimate for Wed, 21 Oct 2026
UK 10-Year Gilt Yield chart
Estimate 21 Oct 2026: 5.334%
Each point is one daily yield-curve estimate for an exact 10-year maturity, not the closing yield of one bond; weekends and market holidays have no value. There is no intraday data. Source: Bank of England.
Ranges and changes
- 52-week range (official daily estimates)
- 4.293%5.429%
One basis point (bp) is 0.01 percentage point, so a move from 4.00% to 4.25% is +25 bp. Changes compare the latest estimate with the estimate on or before the same calendar date 1 week, 1, 3 and 6 months and 1 year earlier; year to date uses the last estimate of the previous year.
Other government bond yields
All yields- US 2-Year Treasury YieldClose Fri, 23 Oct 20264.69%+4.0 bp
- US 5-Year Treasury YieldCboe index, delayed4.805%+3.7 bp
- US 10-Year Treasury YieldCboe index, delayed4.988%+3.5 bp
- US 30-Year Treasury YieldCboe index, delayed5.315%+2.8 bp
- German 10-Year Bund YieldEstimate Fri, 23 Oct 20263.36%-6.0 bp
- Japan 10-Year Government Bond YieldClose Thu, 22 Oct 20262.914%-0.9 bp
- Italy 10-Year BTP YieldSeptember 2026 average4.362%+37.6 bp
About the UK 10-Year Gilt Yield
The UK 10-year gilt yield is the annual return investors demand to lend to the UK government for ten years. Gilts are UK government bonds, issued by the UK Debt Management Office on behalf of HM Treasury, and the 10-year yield is the reference for long-term UK borrowing costs.
It reflects expectations for the Bank of England's Bank Rate, UK inflation and the government's borrowing needs, plus the global pull of US Treasury yields. A rising gilt yield relative to other countries can support the pound, while sharp moves around UK fiscal events have at times unsettled the currency.
The figure on this page is the Bank of England's estimate of the 10-year nominal par yield, taken from its fitted gilt yield curve (series IUDMNPY in the Bank's statistical database). It is a curve estimate for an exact 10-year maturity rather than the price of one particular gilt, so it can differ slightly from the quoted yield of any single benchmark gilt. It is an end-of-day statistic, published with a lag of about one to two business days.
- Measures
- UK gilts: estimated par yield at an exact 10-year maturity, not one specific gilt
- Issuer
- UK Debt Management Office, for HM Treasury
- Data
- Bank of England yield curve estimate, 10-year nominal par yield (IUDMNPY)
- Updated
- Daily estimate, about 1-2 business days later
What moves the UK 10-Year Gilt Yield
- Bank of England Monetary Policy Committee decisions and guidance
- UK inflation and wage data
- UK fiscal events, budgets and gilt issuance plans
- Global yields, especially US Treasuries
Scheduled releases to watch: Bank of England rate decision, UK GDP. See every upcoming release on the economic calendar.
Markets that react to this yield
Frequently asked questions
What is the latest UK 10-year gilt yield?
This page shows the Bank of England's most recent published estimate of the 10-year gilt yield, the date it refers to, its change from the previous business day in basis points, the 52-week range and a daily chart. It is an official end-of-day estimate, not a live market quote.
Why is the date shown a day or two behind?
The Bank of England fits its yield curve after the end of each business day and publishes the estimates with a short lag, usually one to two business days. The page always shows the date the figure refers to rather than presenting it as today's.
How do gilt yields affect the pound?
Higher UK yields relative to other countries can attract capital into sterling assets and support GBP/USD and EUR/GBP's sterling side. When yields rise because investors are worried about UK public finances rather than because of higher expected interest rates, the pound can fall at the same time instead. These are tendencies, not rules.
Why do bond yields rise when bond prices fall?
A government bond pays a fixed coupon. If market rates rise, an existing bond's fixed payments are worth less, so its price falls until its yield matches the new market rate; when rates fall, the opposite happens. Yield and price therefore always move in opposite directions, and the longer the maturity, the larger the price move for the same change in yield.
For information and education only, not investment advice. Yields shown are official published statistics (daily estimates), not a quote to buy or sell a bond. Source: Bank of England.