Global investors clamour for safe haven in UK government bonds
by Phillip Inman from on (#51VCJ)
Flight from stock markets helps Treasury complete first part of scheme to bolster spending with at least 45bn extra this month
Investor appetite for UK government bonds has hit a three-year high as Britain sought much-needed funds to fight the coronavirus outbreak.
The Treasury raised 6.1bn after UK government loans in two separate auctions were three times oversubscribed, the highest demand since 2017.
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