Deepening Greek crisis gives UK bonds biggest boost in months

Britain's Chancellor of the Exchequer George Osborne arrives at an European Union finance ministers meeting in Luxembourg, June 19, 2015. REUTERS/Francois Lenoir

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.