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Market Update: UK 10Y Bond Yield Eases Towards 3-Month Low
The yield on UK 10-year government bond pared early gains to settle at 0.75%, not far from a near three-month low hit during the week, as inflation concerns eased for now. US consumer prices rose the most in almost 13 years and the annual core inflation hit a near 30-year high, but investors believe inflationary pressure is temporary. Elsewhere, investors worried about tensions between Brussels and London, the rising number of COVID cases in the UK and a possible delay of the wider reopening of the UK economy due on June 21st. [/s2If]
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