March 2, 2020 / 9:18 AM / a month ago

Yield on two-year UK gilt hits 2-1/2 year low

LONDON, March 2 (Reuters) - The yield on two-year British government debt fell to its lowest since September 2017 after the Bank of England said it was working with international partners in response to the spread of coronavirus.

The yield on two-year British gilts, which are sensitive to expectations about BoE interest rates, fell as low as 0.254% and was down about 5 basis points on the day at 0.262% at 0905 GMT. (Writing by William Schomberg; editing by William James)

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