U.K. Borrowing Costs Plummet
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Business & Economics
UK borrowing costs plunge, heading for first daily decline in 2025 as inflation fears ease
85% Informative
The yield on 10-year U.K. government bonds was 16 basis points lower at 4.727% at 4 p.m. in London , putting it on course for its first daily decline since Dec. 31 .
U.S. inflation data showed an annual increase of 2.5% in December , just shy of the forecast of a 2.6% .
Closely-watched services inflation dropped to 4.4% from 5% , its lowest level since March 2022 .