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LONDON: British government bond yields fell in early trade on Tuesday, following US and euro zone debt, after hitting multi-year highs this month on worries about inflation at home and in the United States, weak growth and high government borrowing.
Ten-year gilt yields opened about 4 basis points lower at 4.853%, below a peak of 4.925% struck on Jan. 9 which was its highest since 2008.
UK 30-year gilt yield hits new post-2008 high
Two- and 30-year gilt yields were down about 3 bps.