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LONDON: British government bond prices jumped on Thursday after the United States reported the biggest fall in retail sales since 2009, adding to a picture of a slowing global economy and a dovish outlook from the Bank of England earlier.

Benchmark 10-year gilt yields slid by 6 basis points to a nine-month low of 1.122 percent at 1432 GMT, while 20-year yields dropped by 4 basis ponits to their lowest since August 2017, tracking lower US Treasury yields.

Copyright Reuters, 2019
 

 

 

 

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