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UK debt market sees fresh selloff after Bank on England halts long-dated bond purchase
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The Bank of England stopped buying long-dated bonds as part of its rescue plan over the past two days, helping fuel a fresh selloff in UK debt markets.
Yields on UK government bonds have climbed this week, with the 30-year yield rebounding to 4.4% from 3.8% on 30 September. It hit a peak of 5.1% last week. Yields rise when prices fall.
The...
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