Overseas investors sold a net 4.67 billion pounds ($7.4 billion) of U.K. government bonds last month as a rally in higher-yielding assets reduced demand for haven assets.
The sales compared with net purchases of 9.41 billion pounds in January, according to data published today on the Bank of England’s website. It’s the second time in three months that non-U.K. bondholders were net sellers of the securities.
Gilts made a 1.8 percent loss this year, underperforming Treasuries, which dropped 1.2 percent during the same period, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies.
The FTSE-100 Index of U.K. shares rose 3.3 percent in February, after a 2 percent gain the month before.
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