UK 10-Year Government Bond Yield
Long-term (10-year) UK government bond yield, from the OECD Main Economic Indicators.
4.80
Percent
UK 10-Year Government Bond Yield — latest reading: 4.80 percent. As of June 2026, it is up 6.0% over the past 12 months, well above its 10-year average. Source: IRLTLT01GBM156N, OECD, published monthly. Reported as published, without transformation; the publisher may revise it.
Min
0.21
Max
16.34
Average
6.91
10Y Percentile
98%
3M Change
+2.0%
UK 10-Year Government Bond Yield (IRLTLT01GBM156N) — 798 observations from 1960-01-01 to 2026-06-01. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Compare UK 10-Year Government Bond Yield with other indicators →
Macro Regime Context
The financial-conditions regime is currently neutral (63% confidence).
See what this means across all four regime dimensions →3-Month
+2.0%
6-Month
+7.0%
12-Month
+6.0%
What this means
UK 10-Year Government Bond Yield is currently at 4.80 percent, which is well above its 10-year historical average. The trend is increasing (+2.0% over the past 3 months).
Over the past 6 months the change is +7.0%, and over 12 months it is +6.0%. The short-term pace is consistent with the longer trend.
Frequently Asked Questions
What is the UK 10-year gilt yield?
The gilt yield is the annual return on a 10-year British government bond, known as a gilt. It is the benchmark long-term interest rate for the UK, anchoring mortgage rates, corporate borrowing costs, and pension discount rates across the British economy.
Why do gilt yields matter beyond the UK?
The UK is a large, open economy with a major financial center, so gilts trade closely with global rate cycles. The September 2022 gilt episode — when yields spiked sharply after a fiscal announcement — showed how quickly stress in one major bond market can spill into global markets.
How often is this series updated?
This series is a monthly average of daily gilt yields, compiled in the OECD Main Economic Indicators and sourced here from FRED. This page updates with each new monthly value.
Cite this page
MacroRadar, "UK 10-Year Government Bond Yield," https://www.macroradar.io/uk-10-year-yield (as of June 2026).