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Gilts Drop Versus Dollar on BOE Minutes, Inflation
U.K. government bonds fell for a second week as Bank of England’s minutes showed all except one policy maker was against boosting debt purchases and inflation stayed at the fastest since May. Benchmark 10-year securities slid for eighth day through Dec. 19, the longest losing streak since February 2011, as signs the euro-area debt crisis was easing, undermined demand for the relative safety of gilts. Investors boosted their expectations for inflation to the most in eight months, bond trading showed. The pound was little changed this week after rising a three- month high against the dollar. “The minutes and ... (full story)