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Euro zone bond yields ease as BoE pauses gilt sales

Euro zone bond yields nudged lower after oil prices fell, while UK gilts rallied sharply following the Bank of England’s decision to pause debt sales under its quantitative tightening programme.

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Euro zone bond yields edged lower on Thursday, reversing earlier gains, as oil prices declined and UK gilts rallied sharply after the Bank of England said it would pause debt sales under its quantitative tightening programme. The BoE left interest rates unchanged.