Bank of England's Deputy Governor Ben Broadbent said the interest rate could be cut some time over the summer. The outgoing deputy governor said if things continue to evolve as expected, then the policy will have to become less restrictive at some time.
U.S. Treasury yields declined on Tuesday as investors considered the outlook for interest rates following the latest insights from policymakers and data.
U.S. Treasury yields were lower, continuing a fall after Friday's April jobs report showed weaker-than-expected payrolls growth and a rise in unemployment.