Thursday, May 10, 2007

U.K. Government Bond Yields Hold Near Highest Since 2000 as BOE Lifts Rate

(Bloomberg) -- U.K. government bond yields held near their highest since November 2000 after Bank of England policy makers today raised interest rates by a quarter-point to a six- year high to counter inflation.

The rate increase was in line with forecast of all 61 economists surveyed by Bloomberg News. Reports earlier today showed house prices rose in April and manufacturing expanded the most in 10 months in March.


Read more at Bloomberg Bonds News

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