UK 10-Year Gilt Yield Falls to Six-Week Low as Oil Drops
UK 10-year government bond yields fell to their lowest since September 22. Brent crude dropped 2.7% to $100.8 a barrel as prospects for de-escalation in the U.S.-Iran conflict increased, easing inflation concerns.
Yields on U.K. government bonds, or gilts, descend to the lowest since September 22, as falling oil prices ease inflation concerns. The price of Brent crude falls 2.7% to $100.8 a barrel due to increased prospects of a de-escalation in the U.S.-Iran conflict. Investors widely expect the Bank of Eng…