UK five-year gilt yield slumps to fresh record low of -0.064%
|The yield on the UK's five-year gilt dropped by 4 basis points on Thursday to touch a fresh record low of -0.064%. Meanwhile, the yield on the 10-year gilt is at its lowest level since May 22 at 0.1425%, losing 5 basis points on a daily basis.
Risk aversion
The sour market mood is also reflected upon stock markets on Thursday. As of writing, the UK's FTSE 100 Index was down 0.33% on the day at 6,104 points. Meanwhile, the GBP/USD pair was posting small daily gains at 1.2430.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.