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UK 5-year bond yields hit 3-month low as German Bunds rally

LONDON, May 26 (Reuters) - British five-year government bond yields dropped to their lowest since February on Friday and yields on other gilts fell to their lowest in around a month, tracking a broad rise in German and U.S. debt prices.

Five-year yields sank as low as 0.445 percent at around 1440 GMT, down about 3 basis points on the day, while 10-year yields came within a whisker of falling below 1 percent for the first time since October 2016.

Twenty-year and 30-year gilt yields dropped to their lowest since late April, as fixed income prices rallied, shrugging off a sharp fall in sterling driven by concerns that the ruling Conservatives' opinion poll lead over Labour had narrowed. (Reporting by David Milliken; Editing by William Schomberg)