The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward pressure on the yuan, analysts say.

The borrowing cost for the U.K. government is at an almost three-decade high. But it’s not a localized problem like the one caused by Liz Truss’ “mini-budget.” ...

European markets are set to open mixed on Friday, as investors monitor economic data and ongoing turbulence in the U.K.’s debt markets.