UK government bond prices jump as parliament rejects Brexit deal

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Fri, 29 Mar 2019 - 05:47 GMT

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Fri, 29 Mar 2019 - 05:47 GMT

FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/ Benoit Tessier/Illustration/File Photo

FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/ Benoit Tessier/Illustration/File Photo

LONDON, 29 March 2019: British government bond prices jumped on Friday after the country's parliament rejected the deal for the European Union Withdrawal Agreement, the latest Brexit defeat for Prime Minister Theresa May.

The yield on 10-year gilts dipped below 1 percent as investors sought the safety of government bonds and gilt futures rallied by more than 30 ticks on the news.

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