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Yields on UK gilts jump as EU source says Brexit deal imminent

FILE PHOTO: The French, British Union Jack and European flags are seen in the harbour of Calais

LONDON (Reuters) - Yields on British government bonds were up by the most in six weeks on Wednesday after a senior European Union diplomat said a post-Brexit trade deal between Britain and the EU was imminent and could be agreed as early as Wednesday evening.

The yield on 10-year gilts jumped by eight basis points to as high as 0.276%, their biggest increase in a single session since Nov. 9, the day drugmaker Pfizer said its COVID-19 vaccine was more than 90% effective.

(Writing by William Schomberg; Editing by Alexander Smith)