Gilt Yields Rise From 7-Month Low as Funds Seek Higher Returns
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U.K. gilts fell, with 10-year yields rising from the lowest level in seven months, as gains in European peripheral bond markets damped demand for the relative safety of Britain’s government debt.
The pound weakened for the first time in three days versus the euro even as a report showed U.K. business sentiment and hiring intentions improved last month. Italy’s 10-year bonds rose for a sixth day and Spain’s two-year yields fell to the lowest since October 2010 amid bets the Bank of Japan’s 7.5 trillion yen ($76 billion) of monthly bond purchases will boost investor appetite for higher returns.