© Reuters. FILE PHOTO: Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo
By Shubham Batra and Khushi Singh
(Reuters) -London stocks started the year on a sombre note, weighed down by losses in the financial sector and as UK government bond yields climbed to two-weeks high.
The blue-chip fell 0.2% on Tuesday, after hitting an over seven-month high earlier in the session, while the mid-cap was down 0.9%.
Yields on the benchmark 10-year government bond rose over 15 basis points to 3.695%, touching a more than two-week high, tracking moves in U.S. Treasuries as investors moved away from higher risk assets.
The investment banking and brokerage services index led the losses with a 2.2% fall, closely followed by a 1.9% decline in life insurance stocks.
Meanwhile, the FTSE 100 completed its 40th trading year.
“The headline…
