Europe

Markets - Fixed Income - Europe

UK 10-year yields near six-month high on inflation bets LONDON: British 10-year government bond yields approached their highest level in six months on Monday, after prices fell for a sixth day in a global rout driven by expectations that President-elect Donald Trump's policies will boost inflation.Ten-year yields peaked at 1.491 percent at 1112 GMT according to Reuters data, more than 12 basis points up on the day and a whisker away from the 1.5 percent level that would mark the highest yield since May 5."What we have is a buyer's strike in bonds," said Marc Ostwald, fixed income strategist at ADM Investor Services.Investors were reluctant to buy into what looked like a market set for further falls, while market volatility reduced the amount of stock dealers were able to hold on their books.Losses were concentrated in maturities of 10 years and longer, with yields up 7 basis points on the day at 1247 GMT, while two-year yields were almost ...
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