U.K. bonds decline after house prices increase curbs bets on BOE bond purchases

Source: Bloomberg
© Scanpix\Reuters
U.K. government bonds dropped, after rising for four days in a row, as an industry data indicated property prices climbed, damping the case to maintain low borrowing costs for additional central-bank bond purchases. The 10-year U.K. bond yield advanced two basis points to 2.08% and the 1.75% gilt maturing in September 2022 dropped 0.165 to 97.235.

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