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June 22, 2022, 10:55 a.m. EDT

U.K. gilt yields slide by nearly a quarter point after inflationary surge

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By Steve Goldstein

Demonstrating the recession fears gripping the market, U.K. gilt yields dropped by nearly a quarter-point after inflation data showing the fastest growth in prices since 1982. Earlier, the U.K. Office for National Statistics reported that CPI rose to 9.1% in the 12 months to May. The yield on the 2-year gilt /zigman2/quotes/211347169/realtime BX:TMBMKGB-02Y +0.80% dropped 23 basis points to 2.09%. The yield on the 2-year German bund /zigman2/quotes/211347102/realtime BX:TMBMKDE-02Y +2.72% slipped nearly 10 basis points to 1.05%.

/zigman2/quotes/211347169/realtime
add Add to watchlist BX:TMBMKGB-02Y
BX : Tullett Prebon
2.42
+0.02 +0.80%
Volume: 0.00
Aug. 18, 2022 1:51p
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/zigman2/quotes/211347102/realtime
add Add to watchlist BX:TMBMKDE-02Y
BX : Tullett Prebon
0.75
+0.02 +2.72%
Volume: 0.00
Aug. 18, 2022 2:50p
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