Gilt yields hit new record lows

Yieldson short-dated UK government debt yesterday hit record lows after bond markets wobbled on worries over accelerating Covid-19 case. Investors sought safety in government bonds worldwide, as investors fret over the rise in coronavirus cases in the US, pushing short-dated gilt yields deeper into negative territory. The two-year and five-year gilt yields hit all-time lows of minus 0.113pc and minus 0.08pc, respectively. Analysts also pinned rising bond prices on signs of appetite for safer gov