U.K. Gilts Open Little Changed; Yields Hold Near Two-Week High

U.K. government bonds opened little changed, with yields near the highest in two weeks.

The yield on the 10-year gilt rose 1 basis point to 4.69 percent by 8:14 a.m. in London. The price of the 4 percent bond due September 2016 fell 0.08, or 80 pence per 1,000-pound ($2,071) face amount, to 95.10.

Two-year note yields held at 4.57. Yields move inversely to bond prices.

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