December 9, 2022

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UK Treasury bond prices plunged as the trade opened Monday after sterling hit a record low against the US dollar overnight, pushing yields to their highest point in more than a decade. driven.

Five-year government bond yields rose more than 40 basis points to 4.503%, the highest level since October 2008, while two-year yields rose more than 50 basis points at 4.533%, the highest level since September 2008


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