U.K. bonds sank on Fed taper concerns

Source: Bloomberg
U.K. government ten-year gilt yields climbed 0.08% to 2.81% as of 10:55 a.m. in London, after to Federal Reserve signalled, in its minutes of October 29-30 meeting, to cut monetary stimulus in nearest future as economic data continues to show ongoing improvement. The 2.25% security note due in September 2023 slipped 0.62 per 1.000 Pound par value, to 95.255, while the five-year yields rose 0.06% to 1.57%, after touching 1.58%, the strongest since November 14.

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