LONDON: British government bonds bounced on Thursday in a broad bond-market rally after US economic data raised fears about the health of the world's leading economy.Earlier on Thursday, Britain auctioned 2.5 billion pounds ($3.8 billion) of 2044 gilts, drawing bids totalling double the amount on offer and a 3-tick price tail, half the tail when it last sold the gilts in April.June gilt futures settled 54 ticks higher at 118.07, having bobbed around the 117.60 level in the first half of the session before the US data came out showing a sharp rise in US jobless claims, home-building starts tumbling and a gauge of underlying inflation pointing to weak demand.British debt lagged German Bunds, which were 67 ticks up on the day, a day after the Bank of England struck a rare upbeat note on the economy, driving gilts into the red.For the first time in years, the central bank ...
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