Markets

UK 30-year gilt yields hit 15-month low below 3pc

Published August 27, 2014 Updated August 27, 2014 03:55pm

1 min

By Imad Uddin

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LONDON: Yields on 30-year British government bonds fell below 3 percent for the first time since May 2013, as gilt prices rallied in line with German debt on speculation about European Central Bank stimulus.

Thirty-year yields touched 2.988 percent at 1409 GMT, 6 basis points down on the day, a level last seen on May 3 last year. Ten-year yields hit a low of 2.362 percent, more than 8 basis points down on the day.

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