Thu, 14 Mar 2013 16:19:06 GMT
UK gilts predict highest inflation since 2008
On Thursday, expectations of British inflation grew to the highest for four-and-a-half years. 10-year break-even rate, which is an index that measures inflation expectations, climbed to a level of 3.37%, compared to the 2012 lowest of 2.32% in July. Yield on 10-year UK government bonds added 2 basis points and reached 1.99%.