The UK gilts continue to trade lower on Thursday as investors were guardedly optimistic about a "Remain" vote in Britain's make-or-break European Union referendum.
The yield on the benchmark 10-year gilts rose more than 4 basis points to 1.357 percent, yield on super-long 40-year bonds rose nearly 5 basis points to 1.986 percent and the yield on short-term 2-year note climbed nearly 3 basis points to 0.527 percent by 10:00 GMT.
Referendum voting has officially begun in the United Kingdom at 6:00 GMT. Voting will continue for next 15 hours and will end at 21:00 GMT with the result likely known around this time tomorrow (between 06:00 to 07:00 GMT). The market is not likely to move much throughout this period, however, there could occasional volatility spark due to low volume and position shifting.
The recent polls showed the outcome of the referendum is too close to call, raising the uncertainty about the Thursday outcome. Latest online poll by YouGov showed 51 percent has voted in favour of 'Bremain', while remaining 49 percent voted for a 'Brexit'. Also, poll by the YouGov, 35 percent say its 'risky' to stay in the European Union, while 53 percent say it is 'safe' to stay in the EU.
Another UK phone poll by ComRes indicated 48 percent Britons voted to 'Remain' in the European Union, while 42 percent voted for 'Leave'; rest remained undecided.
Interestingly, according to Betfair the probability of the Remain camp winning in today's UK referendum has increased by 78 percent, according to response from the latest campaign polls.
On the other hand, last-minute UK poll from TNS showed 43 percent favouring Leave and 41 percent Remain and a new UK (online) poll by Opinium showed 45 percnet favouring leaving the EU and 44 percent in favour of remaining. This represents a shift to a pro-Brexit balance from pro-EU balances previously.
Meanwhile, the FTSE 100 trading up 1.63 percent at 6,366 by 10:00 GMT.
