Monday, July 2, 2007

U.K. Bonds Climb as Terror Threat Prompts Investors to Seek Safest Assets

(Bloomberg) -- Gilts gained, pushing 10-year yields
to near a three-week low, as investors bought the safest assets
following an attack on Glasgow's airport and two attempted car
bombings in London.

Gilts snapped a two-day losing streak after the U.K. Home
Office raised its terrorist threat assessment for the country to
``critical.'' Police arrested five suspects after a Jeep was
crashed into the terminal of Glasgow International Airport and
caught fire, and a manhunt is underway to catch the makers of the
car bombs, placed in the capital's busy West End district.


Read more at Bloomberg Bonds News

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