UK gilts steady, sterling dips as markets assess new British finance minister

UK gilt yields were roughly flat and the pound dipped about 0.15 percent to around $1.34 after the appointment of former defence secretary Healey as Britain's new finance minister under PM Burnham. UK 30-year gilt yields hit a fresh two-month high of 5.7621 percent on fiscal loosening concerns, while London-listed defence stocks rose 1.6 percent on expectations of higher defence spending. Separately, Indian government bonds faced pressure on Tuesday due to rising crude oil prices and higher cut-off yields at a state debt auction, though RBI deposit inflows provided some support.