LONDON, Feb 21 (Reuters) - Yields on British two-year
government bonds hit their highest level in more than
four months on Tuesday after a survey of private sector
companies suggested more strength in the economy than previously
thought.
The two-year yield touched 3.906%, their highest since Oct.
17 - when British markets were in flux over the tax-cutting
plans of former prime minister Liz Truss - and a jump of about
16 basis points on day, rising by more than yields on U.S. and
German government bonds.
Investors were pricing a 96% chance of the Bank of England
raising interest rates by a further quarter of a percentage
point on March 23, after its next scheduled Monetary Policy
Committee meeting.
(Writing by William Schomberg; editing by Andy Bruce)
Reuters Messaging: william.schomberg.reuters.com@reuters.net))
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