UK Gilt Yields Pare Gains After U.S. PPI Comes in Below Forecast
UK government bond yields pared their rise after October U.S. PPI increased 0.3%, below economists’ 0.4% estimate. Inflation concerns remain after stronger-than
Yields on U.K. government bonds, or gilts, pare their rise after the U.S. producer price index data came in slightly below expectations. The monthly PPI for October came in at 0.3%, weaker than the 0.4% expected by economists in a WSJ poll.
However, inflation concerns remain following stronger-than…