UK 10-year gilt yield highest since 2008 as rising oil prices trigger global bond rout – business live– business live

Renewed fighting in Middle East weighs on financial markets Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business.

Global government bonds are selling off again, pushing yields to new highs, as oil prices have risen above $91 a barrel, stoking inflation fears.

9am BST: Eurozone Manufacturing PMI 9.30am BST: Bank of England data on mortgage approvals and consumer credit 9.30am BST: UK Manufacturing PMI 3pm BST: US Manufacturing PMI Continue reading...