The UK's 2-year gilt yield took an immediate dip following today's Bank of England statement, sliding 2 basis points to settle at 3.79%.

Bond traders clearly read something dovish in the BOE's language—whether it's the inflation outlook cooling faster than expected or hints at a less aggressive tightening path ahead. Either way, the gilt market is pricing in slightly softer monetary conditions.

For those tracking macro correlations, remember: when government bond yields drop, it often signals shifting sentiment around interest rates. That ripple effect doesn't stop at traditional finance—lower yields can boost appetite for riskier assets, including crypto. Central bank positioning remains one of the key external factors shaping broader market liquidity.

Keep an eye on whether this move sustains or if it's just noise around the statement. The 2-year tenor is particularly sensitive to near-term rate expectations, so any follow-through could hint at where the BOE's heading next.