The UK 10-year gilt yield eased to 4.556% after last week’s 7 bps jump, as investors awaited a busy data week featuring the UK jobs report and Q2 GDP figures. Unemployment is seen steady at 4.7%, a near three-year high, with wage growth slowing to 4.7%, the weakest in nine months. GDP is expected to rise 0.1% in June, giving Q2 just 0.1% growth. Following the BoE’s narrow vote to cut rates, markets have pared expectations for further easing, now pricing a 76% chance of a December cut. The central bank signaled any moves would be gradual. On trade, the 90-day US–China tariff truce ends Tuesday, with markets expecting another extension. Geopolitically, US President Trump and Russia’s Vladimir Putin will meet Friday in Alaska in a bid to broker a Ukraine peace deal.