LONDON – British authorities bonds suffered one other heavy sell-off on Tuesday, pushing 10-year gilt yields to their highest since 2011, as markets targeted on the additional borrowing new Prime Minister Liz Truss might have to chop family power payments.
Ten-year gilt yields pushed previous a earlier excessive of three.092% set in 2014 to peak at 3.125%, 18 foundation factors greater on the day and their highest yield since July 2011.
5-year gilt yields touched the very best since August 2009 at 3.061%, up 15 foundation factors on the day, whereas 30-year yields rose to the very best since July 2014 at 3.411%.
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