Gilt yields plunge despite portents
UK sovereign debt yields fell to their lowest level on record on Monday, despite warnings that the new government’s latest spending promises and the threat of a no deal Brexit will heap pressure on the UK’s credit metrics.
The yield on 10 year Gilts fell to 0.492% on Monday, falling below the record low set in August 2016 when the Bank of England cut interest rates to their lowest ever level following the Brexit referendum.
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