Yield on UK five-year government bonds falls to new record low

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05/21/2020 | 10:00 am

The yield on five-year British government bonds fell to a record low just above zero on Thursday as investors priced in the possibility of negative interest rates by the Bank of England.

The yield on the five-year gilt was down about five basis points on the day at 0.006% shortly after 1345 GMT.

Britain's debt office tapped into strong demand from investors earlier on Thursday at an auction of 2 billion pounds of 12-year gilts.

At an auction on Wednesday, Britain sold its first bond with a negative yield.

(Reporting by William Schomberg, editing by David Milliken)

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