LONDON Jan 24 The yield on Britain's 10-year
government bond hit its lowest level since Nov. 29 on Friday
after Bank of England policymakers said there was no pressing
need to hike interest rates, and that they could stay low for
The 10-year gilt yield fell to a near two-month
low of 2.772 percent at 0841 GMT and was last at 2.776 percent,
down 3.4 basis points on the day.
That came after Bank of England Governor Mark Carney said
late on Thursday that there was no immediate need to raise
interest rates, in an interview with the BBC.
And on Friday, Bank policymaker Martin Weale said interest
rates could remain at their historic low for some time, despite
a steeper-than-expected fall in unemployment, a newspaper
reported on Friday.