Investors have flocked to the safety of UK bonds after last week's volatility in European and US markets, UK chancellor of the exchequer, George Osborne, said on Thursday.
In a speech delivered to parliament, Osborne said although UK markets had been hit hard by events globally, with the FTSE 100 down by 16% over the last month, UK government bonds had benefited from the "global flight to safety".
Osborne said the falls in firstly, UK gilt yields to around 2.5% – their lowest in more than 100 yea
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