Gilt yields hit lowest level ever

Gilt yields have fallen to another record low as investors' appetite for UK debt remains strong amid eurozone woes.

During trading yesterday, yields on the benchmark 10-year gilt touched a new low of 1.92%, according to Tradeweb. It beat the previous all-time low of 1.922% seen at the end of last year, and is the lowest level since Bank of England records started in 1703. The Debt Management Office confirmed it was the lowest ever yield seen on a UK 10-year gilt. The fall came days after France and Austria lost their AAA-ratings from Standard & Poor's, and continues the flight to quality seen in recent months. Gilt yields have plunged as the eurozone crisis has worsened, with the yield on the...