LONDON: The gap between the yields on short-dated and longer-dated British government bonds narrowed to its smallest since 2008, echoing a flattening of the U.S. yield curve as investors worried about weaker global economic growth.
The difference between yields for the two- and 10-year gilts fell to 26 basis points on Wednesday, according to data from Refinitiv.
Investors have flocked to the safety of government bonds as trade tensions between the United States and China have raised concerns about global economic growth. Uncertainty about Britain's exit from the European Union has also unsettled investors.
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