LONDON: The yield on 10-year British government bonds fell to its lowest level since late October on Monday, pushed down by a fall in the yield on US Treasuries and other government debt.
The 10-year gilt yield reached a low of 1.062 percent at 1522 GMT, down about 8 basis points on the day.
As recently as March 21, the yield stood at nearly 1.3 percent, as British inflation hit its highest in over three years and some investors bet on the possibility of the Bank of England raising interest rates sooner than previously thought.
Yields on British 20 and 30-year government bonds also fell to their lowest level since October, when investors began to rule out the chance of more stimulus by the BoE as the economy proved more resilient than expected after the Brexit vote.
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