According to Bloomberg, the United Kingdom issued a record GBP15 billion (USD20.3 billion) of 10-year government bonds, attracting a record GBP148 billion in subscriptions. The UK Debt Management Office stated that the bonds carried a yield of 4.9158%. Data showed that this was the highest yield for UK 10-year government bond issuance since 2008.UK government bonds have been among the sovereign issues most affected by the US-Iran conflict among major bond markets. Last month, the yield on the 10-year government bond rose above 5% for the first time since 2008, before retreating. It currently remains about 60 bps higher than the pre-conflict level of 4.23%. (fc/u)
AASTOCKS Financial News