Economic TimesLean R·
UPDATE 1-UK bond yields fall to two-month low on US-Iran preliminary deal
British government bond yields dropped to a two-month low on Monday. This followed a preliminary peace deal between the United States and Iran. Oil prices fell more than five percent. Two-year gilt yields dropped over eight basis points. Ten-year yields also fell. This eased fears of a wider stagflationary shock. Investors became dovish on future rates outlook.
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