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Date: Tuesday 15 Apr 2008

LONDON (ShareCast) - Gilts were flat having moved ahead earlier after the UK inflation data came in above expectations.

Inflation remained at 2.5% in March, a little less than economists had expected, igniting hopes of further rate cuts in the UK.

But that still leaves the Consumer Prices Index (CPI) at its highest in nine months, according to the Office for National Statistics. Experts had thought the figure would rise to 2.6%.

The UK ten-year note yield is at 4.43%.

Meanwhile, the RICS house price balance fell for the eighth month running in March, with 78.5% more residential property agents and surveyors reporting falling house prices than rises, up from 65.7% in February.

US treasuries fell with the ten-year note yield up 4 basis points to 3.55%.

The Producer Price index (PPI) rose 1.1% last month, beating expectations of a 0.6% increase. The core PPI rose 0.2%, in line with estimates.