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LONDON, Aug 22 (Reuters) - Britain's government bond yield curve briefly regained its normal upward slope on Thursday, after inverting last week for the first time since 2008 in a potential recession warning sign.
Boosted by comments from German Chancellor Angela Merkel, who said an Irish border solution could be found before the Oct. 31 Brexit deadline, the yield on the 10-year gilt traded fractionally higher than the yield on the two-year gilt , according to data from Refinitiv.
A yield curve typically slopes upwards as investors expect to be compensated for taking on the risk of owning longer-maturity debt.
An inversion - when shorter-dated yields are higher than longer-dated ones - is sometimes considered a warning of a risk of recession, especially in the United States.
The two-year/10-year spread moved above zero around 1200 GMT, steepening 3 basis points on the day to slope upwards by 0.2 basis points, though it struggled to hold this and sloped downward by 0.1 basis points at 1425 GMT.
The yield on 10-year British gilts touched its highest level since Aug. 8 at 0.531% on Thursday afternoon. (Reporting by William Schomberg, editing by David Milliken)