Bloomberg News

U.K. 10-Year Gilts Stay Higher After Mortgage Approvals Increase

August 23, 2012

U.K. 10-year government bonds stayed higher even as a report showed mortgage approvals increased last month.

The 10-year gilt yield was five basis points, or 0.05 percentage point, lower at 1.59 percent as of 9:38 a.m. London time.

Mortgage approvals rose 9.6 percent in July from the previous month to 28,441, the British Bankers Association said in an e-mailed statement today.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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