Gilts Fall as Investors Pare Bets on BOE Stimulus; Pound Rises

U.K. government bonds fell for a third day as investors pared bets that the Bank of England will increase its asset-buying target next month, damping demand for the securities.

Ten-year yields climbed to the highest level in four weeks after minutes of the central bank’s October meeting showed policy makers were split on the need for more stimulus once their current program of so-called quantitative easing ends next month. The pound strengthened to a one-week high against the dollar after U.K. jobless claims unexpectedly fell in September and a measure of unemployment dropped to the lowest in a year.