U.K. 10-Year Yield Drops Below 1% as Brexit Woes Mount: Chart

U.K. government bonds surged for a second day, sending yields below 1 percent for the first time on record, as the aftershocks of Britain’s vote to leave the European Union reverberated across financial markets. The securities are being supported by wagers that a worsening U.K. outlook will prompt the Bank of England to cut interest rates to help protect the economy.

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