U.K. government bonds halted a three- day gain as the rally, which pushed 10-year yields to the lowest level since August, rendered them unattractive to investors.
U.K. 10-year government bonds fell, pushing yields toward a three-month high, as Barclays Plc analysts added to calls for an increase in Bank of England interest rates before year-end.
U.K. government bonds rose, sending 10-year yields to a five-month low, after the Federal Reserve damped expectations its borrowing costs would rise soon and before the Bank of England announces its latest policy decision.
"A majority vote for a rate hike still looks more like the first quarter, at the earliest."
- Marc Ostwald on Aug 20, 2014
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