0718 GMT - Yields on U.K. government bonds, or gilts, advance due to inflation concerns as oil prices stay elevated. The lack of a near-term solution to the Middle East conflict is driving up oil prices and raising concerns that inflation could force central banks to raise interest rates in the coming months. Ten-year gilt yields climb 4.4 basis points to 5.024%, the highest level since July 31, Tradeweb data show.
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