| I'm on work experience essay for a college scholarship Yields on 10-year U.K. government bonds have climbed by nearly a percentage point since the start of the year, with yields rising by 0.50 percentage points in the last month alone. Short-sterling futures, contracts that predict moves in sterling money-market rates, have also fallen sharply. For instance, contracts are predicting the three-month sterling Libor to be set at 0.96% in December next year, compared with 0.515% on Wednesday.
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