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Gilts jump on Japan recession shock, weak UK inflation outlook
Imaduddin
17 Nov, 2014
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Copyright Reuters, 2014
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![](https://i.brecorder.com/images/2014/11/gilts-nov.jpg">LONDON: British government bond prices rose sharply on Monday as Japan's unexpected return to recession caused investors to seek safe-haven assets, and top officials at the Bank of England stressed the weak outlook for British inflation.</P><P>The yield on 10-year British gilts fell as low as 2.077 percent, its lowest since Oct. 16. At 1236 GMT it was at 2.09 percent - down 3 basis points on the day.</P><P>The yield premium that 10-year gilts offer over the equivalent German Bund narrowed as investors continued to bet against a rate hike by the Bank of England until deep into 2015 or later.</P><P>)
