British financial services minister Andrew Griffith reassured the House of Lords' Economic Affairs Committee on Tuesday that the appetite for government bonds remains "very strong."
"It is true that the government through the Treasury underwrote the balance sheet of the Bank of England, but in return for that underwriting there was no change to the independent arrangements on monetary policy," the minister said commenting on impact of the Bank of England monetary policy.
At 6:59 pm CET, the return on the 10-year gilt climbed by 0.2 basis points to 4.417%.
