Yields on U.K. government bonds, or gilts, fall after data showed annual U.K. GDP growth was revised down to 0.9% year-on-year in the first quarter, from 1.1% previously. The consensus forecast in a WSJ survey was for an unchanged reading, although quarterly growth was unrevised at 0.6%. U.K. economic growth is expected to slow in the coming months, reducing the prospects of the Bank of England increasing interest rates in the coming months. Ten-year gilt yields fall 1.7 basis points to last trade at 4.703%, Tradeweb data show. (miriam.mukuru@wsj.com)
Dow Jones Newswires
Gilt Yields Fall After U.K. Revised 1Q GDP Data — Market Talk
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Yields on U.K. government bonds, or gilts, fall after data showed annual U.K. GDP growth was revised down to 0.9% year-on-year in the first quarter, from 1.1% previously. The consensus forecast in a WSJ survey was for an unchanged reading, although quarterly growth was unrevised at 0.6%. U.K. econo…