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Yields on U.K. government bonds, or gilts, climb to their highest in more than a week due to accelerating oil prices and increased prospects of the Bank of England raising interest rates at future meetings. Brent crude climbs 2.4% to $101.18 a barrel, reversing recent declines. Markets price in a 7…
Yields on U.K. government bonds, or gilts, climb due to inflation concerns as Brent crude trades above $107 a barrel. High oil prices have caused markets to raise their expectations of the Bank of England increasing interest rates in the coming months. The latest U.K. jobs data show the unemploymen…