July 10, 2020 / 7:45 AM / a month ago

UK short-dated bond yields strike new record lows

LONDON (Reuters) - British 2-year and 5-year government bond yields struck a new record low on Friday, as gilts tracked similar moves in euro zone bond markets following a drop in U.S. stock markets overnight.

The 2-year gilt yield GB2YT=RR fell to -0.113% shortly after the market open, down 2 basis points on the day. The 5-year yield GB5YT=RR dropped to 0.08%, also down 2 bps.

Reporting by Andy Bruce, Editing by Paul Sandle

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