What return do investors ask for to lend to the government for ten years?

The interest rate on 10-year government borrowing

5.44%

since 7 October 2026

Up from 5.37% a year ago

Where this sits in the last 10 years
10-year low 0.11%10-year high 5.44%
Published
Next update
Updated every business day

Ten-year gilt yield

Each month is the rate on its last business day.

Selected point7 October 2026 · 5.44%, up 0.65 percentage points on a year earlier

Usual range (middle 80% of the last 10 years)

Each year is the average of the published days. 2026 so far covers 2 January to 7 October.

Each month is that month's figure, not a total so far. 2026 so far covers 2 January to 7 October.

Source: Bank of England

What this means for people

When this rises, government borrowing costs more, and fixed mortgage rates often follow.

The figure is the return investors ask to lend to the government for about ten years. A higher figure means that borrowing costs the government more.

Latest figures

See the figures as a table
The latest 12 readings, newest first.
PeriodValue
7 October 20265.44%
6 October 20265.37%
5 October 20265.42%
2 October 20265.35%
1 October 20265.42%
30 September 20265.40%
29 September 20265.38%
28 September 20265.41%
25 September 20265.38%
24 September 20265.36%
23 September 20265.31%
22 September 20265.21%
Each year is the average of the published days.
YearPeriod coveredValue
2026 so far2 January to 7 October4.91%
2025January to December4.62%
2024January to December4.10%
2023January to December4.00%
2022January to December2.42%
2021January to December0.79%
2020January to December0.34%
2019January to December0.90%
2018January to December1.47%
2017January to December1.25%
2016January to December1.30%
Each month
Each month is that month's figure, not a total so far.
Period2023202420252026 so far
January3.41%3.84%4.54%4.63%
February3.78%4.07%4.48%4.35%
March3.48%3.89%4.66%4.94%
April3.68%4.32%4.45%5.06%
May4.12%4.27%4.67%4.86%
June4.29%4.15%4.51%4.83%
July4.21%3.97%4.60%5.10%
August4.29%3.97%4.77%5.14%
September4.39%3.99%4.76%5.40%
October4.51%4.41%4.48%5.44%
November4.18%4.23%4.53%
December3.58%4.57%4.57%

CSVJSON

How to read this

A market price, every business day

Trading in government bonds sets this yield. It can move on any business day. It is not a rate the government announces.

Not adjusted for inflation

This yield is not adjusted for inflation. An index-linked gilt is a different measure.

Not a forecast

A higher yield means investors are asking for more return to hold government debt. It is not, by itself, a prediction of Bank Rate.

Source

Publisher
Bank of England
Official title
10-year nominal zero-coupon yield on British government securities
Series
IUDMNZC
Geography
United Kingdom
Status
Official statistics
Cite this

Bank of England (2026) 10-year nominal zero-coupon yield on British government securities, since 7 October 2026 (series IUDMNZC).