UK 30-Year Gilts at Over 2-Week High

Yields on 30-Year Gilts rose 8bps to 0.66% on Thursday, its highest level in more than two weeks, after the Bank of England announced an increase of £100 billion to its quantitative easing program and said it would be completed by the end of the year.

That rose concerns that the pace of the purchases will slow and dashed hopes for negative interest rates.