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Markets

UK 30-year gilt yields fall to lowest since mid-April

Published September 7, 2017 Updated September 7, 2017 05:11pm

LONDON: Long-dated British government bond yields fell to their lowest level since April on Thursday, tracking similar moves in other major sovereign debt markets.

The 30-year gilt yield touched a low of 1.624 percent at 1513 GMT, down 4 basis points on the day and the lowest since April 19 - the day after Prime Minister Theresa May called a national election she was expected to win easily.

The 10-year yield touched 0.962 percent, also down 4 basis points on the day and its lowest since June 14, when soft US data pushed yields to their lowest since October.

US Treasury yields fell again sharply on Thursday, weighed by weak jobless claims data and worries about the impact of hurricanes Irma and Harvey on the world's largest economy, while German yields fell after the European Central Bank gave no timetable to rein in bond purchases.

 

Copyright Reuters, 2017
 

 

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