Gilts drop on signs Britain's economy is improving

Source: Bloomberg
© Scanpix/Reuters
U.K. government bonds dropped together with U.S. and German securities as rising European stock market reduced demand for safer assets. Yield on 2-year gilts rose 3 basis points to 0.36% after better-than-expected mortgage approvals data showed signs of improving Britain's economy. Yields on 10-year U.K. securities increased 3 basis points to 2.29%, while the Pound was virtually unchanged.
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Tue, 23 Jul 2013 11:28:06 GMT

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