The yield on benchmark 10-year UK government bonds fell to its lowest since 1989 yesterday, as fears grew that policymakers do not have the firepower left to kick-start global economic recovery.
The 10-year gilt yield dropped 14 basis points, or 0.14 percentage points, to 1.28% by late afternoon yesterday, after hitting 1.226% - the lowest since Bloomberg began collecting data in 1989. ...
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