Gilt Market Remains Calm as Investors Focus on AI, Digital Assets
Dow Jones10-30 19:03
1103 GMT - U.K. government bonds yields, or gilt yields, remain fairly steady as investor attention shifts to the tech industry and cryptocurrencies, XTB's Kathleen Brooks says in a note. Concerns about AI-linked spending and the multi-billion dollar heist on the world's largest cryptocurrency exchange are weighing on market sentiment and driving a rush to safe-haven assets such as government bonds, she says. The calm in the gilt markets is an indication that market pressures are elsewhere, Brooks says. Ten-year gilt yields fall 1.2 basis points to 5.278%, Tradeweb data show.
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