July 31, 2020 / 12:13 PM / 8 days ago

UK 10-year government bond yields hit all-time low

LONDON, July 31 (Reuters) - British 10-year benchmark government bond yields sank to their lowest level on record on Friday, pushing past a low that had held since March as concerns about weak global growth data and a second wave of COVID-19 infections mounted.

Ten-year yields dropped 2 basis points on the day to 0.073%, a whisker below the previous all-time low of 0.074% first struck on March 9 and again on Thursday, according to Refinitiv data.

Five-year gilt yields also hit a record low of -0.150%. (Reporting by David Milliken; Editing by Edmund Blair)

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