This content is not available in your region

UK two-year gilt yield hits highest since just before pandemic

UK two-year gilt yield hits highest since just before pandemic
UK two-year gilt yield hits highest since just before pandemic   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – British two-year government bond yields on Friday hit their highest since February 2020, just before the coronavirus pandemic struck the country.

Gilt yields have risen sharply in recent weeks on expectations that the Bank of England is approaching its first post-pandemic interest rate hike.

Two-year gilt yields rose as high as 0.522%, up about 4 basis points on the day.