FTSE 100 Barely Scrapes Higher as Bond Yields Spoil UK Jobs Relief
Britain’s FTSE 100 edged up on Tuesday, giving back most of an early rally as rising government bond yields cut into relief from weaker UK jobs data. The blue-chip index, made up of the 100 most highly capitalised companies on the London Stock Exchange, closed at 10,330.55, up 6.80 points, or 0.07%. That mattered because the session turned on a hard trade-off for investors: a softer labour market may reduce pressure on the Bank of England to raise rates, but higher gilt yields — the return investors demand to hold UK government debt — can weigh on shares by making borrowing costlier and bonds more attractive. Reuters said the FTSE 100 had risen as much as 0.8% earlier before finishing