Gilt yields hit fresh record low as markets dive

As equity markets tumble, 10-year gilt yields have set a new record low of 1.444%, breaking through the previous low of 1.47%, the DMO said. US treasury yields also tumbled to a new record low of 1.41%, while German bund yields dropped to 1.13%, as investors dumped risk asets and fled to safe havens. The latest flight to safety came as it emerged two regions in Spain may need bailing out, and as talks resurfaced that Greece may exit the eurozone shortly if it fails to meet the terms of its rescue plan. Greece's creditors meet this week amid doubts that the country will meet its bai...