British bonds reach new lows

British government bond yields fell to their lowest levels in July, with two-year bond yields dropping to 4.348%, the lowest since July 20. Yields on ten- and thirty-year bonds also declined to below 5%. This comes amid a sharp drop in oil prices, which fell below $100 after attacks on Iran were halted, reflecting increasing expectations of declining interest rates and the impact of geopolitical tensions on financial markets.

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