U.K. Two-Year Yield Reaches Record Low Amid Signs Economy Slows
This article is for subscribers only.
U.K. gilts rose, pushing two-year note yields to a record low, as stock losses and signs the global economic recovery is stalling boosted demand for the relative safety of government securities.
The gains sent the 10-year yield to the lowest level since March last year before a report tomorrow that’s forecast to show consumer-price inflation slowed in July. London house prices fell in August, a survey today showed. Japan’s economy expanded at an annualized 0.4 percent rate in the three months to June 30, data showed today, lagging behind the 2.3 percent median economist forecast.