UK gilts remain near lows on Carney comments

FXStreet (London) - UK gilt yields remain close to lows as Bank of England governor Mark Carney and members of the Monetary Policy Committee address the Treasury Select Committee.

Addressing the Treasury Select Committee chaired by Andrew Tyrie MP, BoE governor Mark Carney stated that “There is a substantial degree of uncertainty around the degree of spare capacity in the economy.”

UK 10 year gilt yields are currently pricing at 2.022 percent after hitting 2.17 percent before the testimony before MPs – a 5-week low.

2-year yields are currently pricing at 0.547 percent, climbing from 0.522 percent at open of play this morning and coming off highs at 0.555 percent.