[Bank of England Rate Hike Expectations Intensify, UK Bond Yields Surge, Pound Strengthens] BlockBeats News, October 1: As market expectations for the Bank of England to raise interest rates in the coming months intensify, UK government bond yields have risen to multi-year highs, and the pound has strengthened accordingly. According to data from the London Stock Exchange Group (LSEG), rising oil prices are exacerbating inflation concerns, prompting investors to factor in expectations of four rate hikes by the Bank of England by July 2027. The yield on the UK 10-year government bond reached 5.509%, the highest level since 2007, while the 30-year government bond yield rose to 6% for the first time since 1998. The euro fell to a seven-week low against the pound.