U.K. bonds increase before BoE inflation report

Source: Bloomberg
© Scanpix/AFP
On Monday, British government notes were traded higher, as an upcoming report on inflation is widely expected to show an increase in U.K. prices, which may trigger further round of loose monetary policy. The yield on benchmark 10-year bonds declined 2 basis points, and reached a level of 1.72% by 10:38 a.m. in London.
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