Fri, 21 Jun 2013 09:36:59 GMT
U.K. 10-year bond yield jumps to highest level in 15 months amid Fed stimulus tapering
U.K. government gilts declined for the second day, sending 10-year bond yields to a 15-month high, after bets the Federal Reserve will taper asset purchases. The benchmark 10-year bond yield advanced two basis points to 2.31%. The 1.75% gilt maturing in September 2022 declined 0.16 to 95.35. Investors in U.K. bonds have suffered a loss of 2.9% this year.