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UK gilt yields sink again as May struggles to keep grip on power

Credit: REUTERS/SUZANNE PLUNKETT

May 23, 2019 — 03:06 am EDT

Written by Reuters ->

LONDON, May 23 (Reuters) - The yield on benchmark British government bonds fell to their lowest since late March on Thursday as investors sought refuge from the country's political chaos by seeking out safe havens for their money.

The 10-year gilt yield GB10YT=RR shed around 3 basis points, touching a low of 0.989% and extending a slump on Wednesday as speculation grew that Prime Minister Theresa May would quit after failing to win support for her latest Brexit plan.

(Writing by William Schomberg; editing by James Davey)

((william.schomberg@thomsonreuters.com; +44 207 542 7778; Reuters Messaging: william.schomberg.reuters.com@reuters.net))

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