Gilts fall on growth worries

View an online version of this email here.  All times are London time: Thursday Apr 23 2009 Breaking news Gilts fall on growth worries Gilts prices continued falling on Thursday as investors began to question the credibility of the UK government's growth forecasts, which are far more optimistic than International Monetary Fund estimates. Benchmark 10-year gilt yields, which have an inverse relationship with prices, have risen about a quarter of a point since Alistair Darling, the UK chancellor, unveiled the annual Budget on Wednesday. Ten-year gilt yields have risen to 3.5 per cent – up from 3.31 per cent at the market close on Tuesday – as fears have risen that investors may start to sell because they believe the UK economy is likely to deteriorate further. Read more » ABOUT THIS EMAIL You have received this email because you have signed up for this briefing on FT.com Manage subscriptions | Unsubscribe | Change your email address Change whether you receive this email as HTML or plain text | Forward this email to a friend Privacy policy | Advertise | Contact © Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of the Financial Times. The Financial Times Limited, registered in England and Wales number 227590. Registered office: Number One Southwark Bridge, London SE1 9HL. VAT number GB 278 5371 21.