<bos><start_of_turn>system
You are a helpful AI assistant.
lista de codigos linguisticos disponibles: ["en", "es"].<end_of_turn>
<start_of_turn>user
Can you give me a summary of this article?

"Gilts, called 'Government Bonds' in other countries, are securities issued by the DMO in the United Kingdom to finance expenditure when the government's planned expenditure exceeds the revenue generated by taxation.

Despite strong demand, with bids for two-year gilts totaling more than £11 billion, yields hit a 15-year high yesterday as traders believe the Bank of England (BOE) will continue to increase interest rates, and due to high inflation which devalues ​​returns.

On June 22, the Bank's Monetary Policy Committee raised its benchmark interest rate for the thirteenth consecutive time, from 4.5% to 5%, following "significantly favorable news in recent data that indicates increased persistence in the inflation process.

That day, HSBC asset strategist Joseph Little told Reuters that the BOE could raise its main interest rate as high as 6% as "inflationary pressures are showing more persistence and dynamism than in other Western economies, and this forces the Bank to adopt a more restrictive stance. Investors now believe rates will peak around 6.25% in December.

Such is the effect of higher interest rates that the same gilts, with an October 2025 maturity, were sold last month with an average yield of 4.874%, and with 3.634% in January. However, bond experts at NatWest told Reuters last week that gilts were "one of the cheapest on the UK-fit curve".

UK inflation remained unexpectedly high at 8.7% in May, while core inflation, which excludes some consumer goods such as food and energy, rose to 7.1% from 6.8% in April, its highest level since 1992. The BOE now forecasts that at the end of 2023, inflation will be around 5%, and no longer at 4% as initially expected.

In June 2007, the UK sold £2.5 billion worth of five-year gilts at an average yield of 5.790%.

As of 08:17 BST today, the two-year yield on gilts was 5.429%, while the yield on gilts ten years ago was 4.548%.<end_of_turn>
<start_of_turn>model
Aquí está el resumen:

La Oficina de Gestión de Deuda del Reino Unido (DMO) vendió ayer 4.000 millones de libras de deuda pública en una subasta de títulos públicos de rendimiento fijo, con un rendimiento anual medio del 5,668%, el más alto desde junio de 2007, durante la Gran Recesión.<end_of_turn><eos>