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Sterling pound. Getty Images/Isabel Pavia
LONDON- The yield on 30-year British government bonds hit its highest since Nov. 4 - the day the Bank of England wrong-footed markets by keeping interest rates on hold - as investor concerns eased over the risks posed by the Omicron variant of the coronavirus.
The 30-year gilt yield rose more than seven basis points on Wednesday to peak at 1.161%.
British financial markets were closed on Monday and Tuesday when stock markets in other countries rose.
(Writing by William Schomberg Editing by Gareth Jones) ((william.schomberg@thomsonreuters.com; +44 207 542 7778; Reuters Messaging: william.schomberg.reuters.com@reuters.net))