0732 GMT - U.K. government bond yields climb to multiyear highs while sterling also rises due to increased expectations of the Bank of England increasing interest rates in the coming months. Climbing oil prices are driving inflation concerns, causing investors to price in four BOE rate increases by July 2027, LSEG data show. Ten-year gilt yields hit 5.509%, the highest since 2007, LSEG data show. The euro falls to a 7-week low of 0.8529 pounds, LSEG data show.
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