The yields on the United Kingdom government bonds, or gilts, fell on Thursday after the Bank of England moved to lower key interest rate by a quarter of a percentage point down to 4.5%.
The shift toward safe-haven assets, such as government bonds, amid looser monetary policy and concerns over Britain's economy may also be driven by data showing that gross domestic product stagnated in the third quarter of 2024, pushing gilt prices higher and yields lower.
The return on the 10-year gilt fell 4.9 basis points to 4.391% at 1:09 pm CET. The yield on the two-year gilt declined 5.4 basis points to 4.0900% at the same time. The return on the 30-year gilt slipped by 3.8 basis points to 4.993% a minute later.
