UK government bond yields climbed sharply on Wednesday amid widespread reports of a breakthrough in Brexit talks. Sterling also consolidated its gains.
The yield on 10-year gilts was at 1.32%, a jump of over 5% on the session. Bond yields move inversely to prices.
Sterling, meanwhile, was 0.52% higher against the dollar and 0.5% up versus the euro as at 1108 GMT.
There were widespread reports across the UK media on Tuesday evening that the UK had agreed to take as much as £100bn in EU related liabilities.