UK 10-year gilt yields hit highest since 2008 as Iran war reignites inflation fears
LONDON: British 10-year government bond yields rose to their highest since 2008 on Tuesday, tracking a rising in borrowing costs globally as another increase in oil prices reignited concerns about inflation. The gilts market was also playing catch up with moves elsewhere, following Monday’s UK public holiday. Ten-year gilt yields rose to their highest since June 2008 at around 5.23%, up 7 basis…
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