U.K. Bonds Surge After Election as 10-Year Yield Drops to 1.80%

U.K. government bonds surged, sending the nation’s 10-year yield down by the most in almost two months, as David Cameron was poised to remain U.K. prime minister at the head of majority Conservative government.

The yield on the nation’s 10-year bonds fell 12 basis points, or 0.12 percentage point, to 1.80 percent as of 8:04 a.m. London time. That’s the biggest drop since March 10.

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