UK Two-Year Gilt Yield Shows Rate Peak Could be Sooner than Expected

1333 GMT - The U.K. two-year gilt yield indicates the key rate is likely to peak and then be cut sooner than some people expect, AJ Bell investment director Russ Mould and financial analyst Danni Hewson say in a note. "The two-year gilt yield has a history of leading the Bank of England Base Rate by six to nine months," the analysts say. "That suggests the bond markets don't believe the Bank of England's tough talk and thinks rates may peak and then be cut sooner than some think," they say. The U.K. two-year gilt yield is at 3.412% according to Tradeweb, down 20 basis points from the last day of trading in 2022. (miriam.mukuru@wsj.com)


Companies News: 

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Jet2 PLC to Beat FY 2023 Profit Forecasts After Strong Winter Bookings

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Diageo 1H Pretax Profit Rose on Better-Than-Expected Sales, Higher Pricing

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Tate & Lyle Sees FY 2023 Adjusted Profit Rising in Line With Views After 3Q Revenue Increased

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Royal Mail Owner International Distribution Services 3Q Revenue Fell

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Mitie Group Expects to Meet FY 2023 Profit Forecast

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Britvic 1Q Revenue Rose on Higher Prices Despite Volume Fall

Britvic PLC said Thursday that first-quarter revenue rose, driven by stronger pricing and a robust Christmas trading.

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Best of the Best Posts Lower 1H Revenue, Pretax Profit

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Provident Financial To Become Vanquis Banking, Names New CEO

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Diageo 1H Pretax Profit Rose on Better-Than-Expected Sales, Higher Pricing -- Update

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Animalcare Anticipates 2022 Decline in Revenue

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Playtech Sees 2022 Adjusted Earnings Significantly Rising On-year

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Rank Group Swung to 1H Pretax Loss; Backs FY 2023 Profit Guidance

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PPHE Hotel Group Sees 2022 Financial Performance Above Views

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Inspecs Group 3Q Orders Fell Due to European Slowdown; Won't Pay Dividend

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IG Group Holdings 1H Pretax Profit Slipped; Share Buyback Extended

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Record PLC Assets Under Management Equivalent Rose 6% Quarter on Quarter

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TClarke to Report Rise in 2022 Pretax Profit, Revenue

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CVS Group Says It Is Meeting Full-Year Market Views After 1H Revenue Rose

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Novacyt 2022 Revenue Fell in Line With Views on Lower Covid-19-Related Demand

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Greencore Shares Drop After Flagging FY 2023 at Lower End of Market Views

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3i Group Shares Top FTSE After 3Q NAV Per Share Rose

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Diaceutics Shares Rise After 2022 Revenue Materially Beat Market Views

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Rotala Shares Rise on High Premium Tender Offer Plan

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Hemogenyx Pharmaceuticals Shares Fall on Discounted Fund Raising

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Time Finance Shares Rise on Higher 1H Profit, Better Full-Year Expectations

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Just Group Confident of Hitting 2022 Profit Growth Target After Revenue Rose

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Strix Group Achieved Recently-Lowered 2022 Profit Guidance

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Argentex Nine-Month Revenue Rose on Robust Demand

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United Oil & Gas 2022 Production in Line With Guidance -- Energy Comment

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01-26-23 0945ET