U.K. Break-Even Rates Surge After RPI Measure Is Left Unchanged

U.K. 10-year break-even rates, the difference in yield between nominal and index-linked bonds, widened after National Statistician Jil Matheson said the U.K. should maintain its current approach to calculating its retail price index.

The rate increased 24 basis points to 289 basis points at 8:06 a.m. London time. That’s the biggest intraday gain since May 19, 2010.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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