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Brexit jitters, fund buying help UK gilts to biggest gains in two weeks

Reuters  |  LONDON 

By David MillikenLONDON (Reuters) - British government bonds recorded their biggest daily gains in more than two weeks on Wednesday, with demand bolstered by Brexit uncertainty, soft inflation data and relatively cheap prices that attracted pension funds.Thirty-year gilts led the gains, with yields dropping 5 basis points on the day to 1.81 percent, as the bonds outperformed their U.S. and euro zone peers and yields fell to their lowest since June 6.Ten-year yields dropped 4 basis points on the day to 1.365 percent, on track to close at its lowest since June 5. The fall in yield on both the ...

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First Published: Wed, June 13 2018. 23:17 IST
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