U.K. Bonds Beat Treasuries During Month Before Britain’s EU Vote

  • Gilts return 1.7% in past month as U.S. securities earn 1.2%
  • Sovereign notes head for best first-half return in 21 years

U.K. government bonds are beating Treasuries and other major sovereign debt markets over the past month as investors sought their relative safety in case Britain votes to leave the European Union.

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