UK Gilt Yields Fall to Multi-Week Lows Ahead of BOE Decision
Ten-year gilt yields fell to 5.101%, their lowest since August 2, as oil prices retreated and eased inflation concerns. The BOE was widely expected to raise rates at 1200 GMT.
By Miriam MukuruYields on U.K. government bonds, or gilts, dropped on Thursday due to falling oil prices, which eased inflation concerns even as the Bank of England was widely expected to raise interest rates in a decision at 1200 GMT.Ten-year gilt yields fell to 5.101%, their lowest since August 2…