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