Tue, 11 Jun 2013 10:05:07 GMT
U.K. bond yields climb to highest level in three months ahead of auction
U.K. Government gilts dropped for the fourth day, sending 10-year yields to a three-month high, ahead of the sale of the new benchmark notes at an auction. The DMO is determined to sell 3.75 billion pounds of 2.25% securities due in September 2023, ahead of auctioning 2.25 billion pounds worth of bonds maturing in June 2023 on June 13.