Wednesday , May 12 2021

The difference between the British bond product and the US bonds is the highest level in 34 years Latest News



The US Treasury's 10-year premium on government bonds in Britain fell to 34 years high as the turmoil surrounding the UK's departure from the European Union has caused a decline in the British borrowing costs.

The British government bond product increased 10 years to 174 base points, a level not seen since June 1984.

The UK government's 10-year bond product dropped 15 basic points to 1.35 per cent as investors requested secure investment instruments and delayed interest rates at Bank of England.

That's giving Britain's 10 year bond product on track to record the biggest one-day fall since August 4, 2016, soon after the Bank of England launched a stimulating round after the BRICCAST vote.


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