LONDON (Reuters) - British government bonds enjoyed their biggest one-day gains in months on Monday, bouncing off the previous week's lows after investors were caught out by an unexpected deepening in Greece's debt crisis over the weekend.
Two-year gilt prices recorded their biggest rise in eight months, while benchmark 10-year British government bonds rebounded from a seven-month low, pushing yields 12 basis points lower on the day to 2.07 percent.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!