[Bank of England December Rate Cut Expectations Rise, 10-Year Bond Yields Decline] Data shows that UK government bond yields have fallen after employment data came in weaker than expected, increasing the likelihood of a Bank of England rate cut in December. During the three months ending in September, the average wage growth in the UK slowed from 4.7% to 4.6%, while the unemployment rate rose from 4.8% to 5.0%. Ellie Henderson from Investec Economics stated that the easing of the labor market should increase disinflationary pressure and strengthen the case for a rate cut. According to Tradeweb data, the yield on UK 10-year government bonds fell by nearly 4 basis points, with the latest trading price at 4.419%.