UK 10-year gilt yields fall to record lows

The yield on a 10-year UK government bond fell to a new record low below 1.4% on Thursday after comments the Bank of England is in 'no rush' to raise interest rates.

Ten-year gilt yields touched 1.396% to as investors flocked to the asset class following dovish comments from policymakers. Twenty- and 30-year gilt yields also touched new record lows of 1.921% and 2.102%. Bank of England chief economist Andrew Haldane (pictured) told markets this week the Bank is in no hurry to hike rates from their historic lows. When an increase does come, it could be as little as 0.5 percentage points per year for several years, he said. His comments came alongside a statement by Bank Governor Mark Carney stating inflation could turn negative in the first hal...