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UK 2-year gilt yield rises 3.6 bps to 4.921%

The UK 2-year gilt yield rose 3.6 basis points to 4.921% on Wednesday, while the 10-year yield was roughly flat at 5.224% in late European trading. The 10-year touched a session low of 5.180% before climbing to a session high of 5.250%. The 2/10-year spread narrowed 3.520 bps to a session low of +30.955 bps, and the 30-year yield fell 1.7 bps.

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