UK 30-year yields fall below 1% for first time on record

LONDON (Reuters) - British 30-year government bond yields fell below 1% for the first time on record on Thursday, after investors flocked into safe fixed-income assets on growing fears of a global recession.Lower bond yields reduce the cost of new government borrowing, but also act as a signal that financial markets expect slower growth and cuts in Bank of England interest rates. Yields on 30-year gilts hit a low of 0.988% at 1139 GMT, down 8 basis points on the day, and remained around 1% at..