Gilts Set for Best First Quarter Since '93 as BOE on Hold: Chart

The prospect of the U.K.’s record-low interest rates enduring for longer is helping to support the nation’s government bonds, which are headed for their best first quarter in 23 years. Gilts returned 4.4 percent in the year through Tuesday, according to Bank of America Merrill Lynch indexes, set for the best start to a year since 1993. All 43 economists in a Bloomberg survey predict the Bank of England will keep its benchmark rate at a record-low 0.5 percent on Thursday.

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