U.K. government gilts drop with Treasuries amid Summers report

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Source: Bloomberg
© Scanpix\Reuters
U.K. government gilts declined with U.S. Treasuries as Japanese Nikkei newspaper posted former Treasury Secretary in the U.S. Lawrence Summers potentially may be named the next Federal Reserve chairman. The yield on the U.K. benchmark 10-year bonds increased two basis points to 2.96% and the 2.25% bond maturing in September 2023 slipped 0.15 to 93.90.
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