Metric permalink
10 year gilt yield
Part of the Fiscal Resilience domain. Monthly average of the 10 year nominal par yield on UK government bonds: the price markets charge the state to borrow, and the first place a loss of confidence in the public finances shows.
Latest data
Latest reading
Sep 2026
Change between the two latest observations (Aug 2026 to Sep 2026), in stress score.
A higher reading is treated as worse for this indicator.
Score composition
Stress score
Release comparison
Regional domain scores were first archived in September 2026, so a release comparison starts in October.
Blended from two measured components: (2/3 weight) and trend (1/3 weight); where no trend can be computed the metric is scored on its level alone. Volatility is published as a diagnostic and does not enter the blend. Full formula on the methodology page.
Level · 2/3 weight
Percentile: this metric is scored against its own history, where today sits between its best and worst recorded years.
Trend · 1/3 weight
Measured from the direction and size of the change between the two most recent readings.
Volatility · diagnostic, not blended
100Measured from how much this indicator has swung period on period across its recorded history.
Data confidence and provenance
Confidence and source
How much weight to put on the reading, the mean data-confidence across the component metrics (source quality, recency and completeness).
Source
Bank of England yield curve data: 10 year nominal par yield (IUDMNPY)
- Update frequency
- Daily
- Reliability
- high
Provenance
- Provider
- Bank of England
- Series ID
- IUDMNPY
- Frequency
- monthly
- Accessed
- 30 October 2026
Known weakness
A nominal yield moves with global rates and inflation expectations as well as UK fiscal risk, so it is not a pure measure of confidence in the public finances; a rise shared with US and German yields says less about the UK than a rise against them. It also feeds the debt interest indicator with a lag, so the two partly overlap.
Notes
Verified official value from Bank of England (IUDMNPY), accessed 2026-10-30.
Historical values
History
| Period | Value | Relative |
|---|---|---|
| 1995 | 8.2 | |
| 1996 | 7.81 | |
| 1997 | 7.05 | |
| 1998 | 5.55 | |
| 1999 | 5.1 | |
| 2000 | 5.33 | |
| 2001 | 4.93 | |
| 2002 | 4.89 | |
| 2003 | 4.53 | |
| 2004 | 4.88 | |
| 2005 | 4.41 | |
| 2006 | 4.5 | |
| 2007 | 5.01 | |
| 2008 | 4.59 | |
| 2009 | 3.65 | |
| 2010 | 3.62 | |
| 2011 | 3.12 | |
| 2012 | 1.92 | |
| 2013 | 2.39 | |
| 2014 | 2.57 | |
| 2015 | 1.9 | |
| 2016 | 1.3 | |
| 2017 | 1.24 | |
| 2018 | 1.46 | |
| 2019 | 0.93 | |
| 2020 | 0.37 | |
| 2021 | 0.79 | |
| 2022 | 2.45 | |
| 2023 | 4.07 | |
| 2024 | 4.14 | |
| 2025 | 4.58 | |
| Jan 2026 | 4.45 | |
| Feb 2026 | 4.43 | |
| Mar 2026 | 4.7 | |
| Apr 2026 | 4.82 | |
| May 2026 | 4.94 | |
| Jun 2026 | 4.8 | |
| Jul 2026 | 4.93 | |
| Aug 2026 | 4.99 | |
| Sep 2026 | 5.24 |