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Gilt yields fall from four-decade surge as Treasury tries to calm bond markets
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UK government bonds rallied strongly on 27 September, forcing yields down from multi-year highs, as the selloff sparked by the government’s tax-cutting budget ran out of steam after the Bank of England and Treasury tried to calm markets.
The 10-year UK gilt yield plunged 16 basis points to 4.119% in early London action.
The benchmark had endured...
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