UK 10-year Gilt yields drop below 1% for first time to hit all-time lows

The persisting risk-off trades appear to have intensified as concerns over the Brexit aftermath accentuated, with Labor party’s MP resigning and banking index plunging to four-year lows. Hence, the demand for risky assets such as the equities, yields and oil prices took a hit over the last hour, while safe-haven viz., gold, bonds, yen etc. are strongly bid.
Yields on the 10-year government debt of the UK fell to all-time lows of 0.934%, diving below 1% for the first time ever, down almost 13% on the day. While the German 10-year benchmark bund yields extended the rout, now trading at -0.100%. Germany's 30-year bond yield extends falls to 0.39%, down 10 basis points on day.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















