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Mubasher: The UK sold 10-year bonds for the second-lowest return in its history, highlighting the strong appetite of the public debt market in recent months, as well as the economic uncertainty and concerns by the BRIC.
Data released by the UK debt management office showed Tuesday that it had sold 10-year bonds worth $ 2.75 billion.
The debt generated strong demand from investors, with a yield of 0.789%, the second lowest after the auction after the 2016 vote.
The auction demand to date was 2.22 times the quantity sold, less than 2.58 times that recorded at a 10-year bond auction in the last month .
The yield on these bonds is slightly higher than the 0.75% rate set by the Bank of England.
At 1224 GMT, the yield on 10-year British government bonds fell to 0.705%.
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