March 29, 2019 / 2:57 PM / 23 days ago

UK government bond prices jump as parliament rejects Brexit deal

LONDON, March 29 (Reuters) - British government bond prices jumped on Friday after the country’s parliament rejected the deal for the European Union Withdrawal Agreement, the latest Brexit defeat for Prime Minister Theresa May.

The yield on 10-year gilts dipped below 1 percent as investors sought the safety of government bonds and gilt futures rallied by more than 30 ticks on the news.

Writing by William Schomberg Editing by David Milliken

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