Rolling coverage of the latet economic and financial newsOther European government borrowing costs are dipping this morning too.The yield on 10-year German bunds is down 1.5bps to 3.36%, while French 10-year bond yields
And there is reassuring news for borrowers, and our political leaders. UK bond prices are strengthening, a little, which is pushing down the yield (or rate of return) on these gilts. 10-year UK bond yields have dropped by over 4 basis points (0.04 of a percentage point) to 5.195%, away from the 18-year high set yesterday. 30-year bond yields are down 4bps too, to 5.831%. Update: AJ Bell investment director Russ Mould reports there is “a measure of calm in government bond markets” today, as the oil price drops.
With Brent crude down about 0.5% at $95.20 a barrel, some of the fears of an inflationary shock that would drive interest rates higher may be easing.
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