FTSE 100 down 0.4, FTSE 250 off 0.3
Entain gains on profit outlook at top end of range
30year gilt yield at 27year high

Jan 13 Reuters British equities slipped on Monday, caught up in a global selloff as investors shied away from risky assets following a U.S. jobs report last week reinforced bets that the Federal Reserve would be cautious about cutting interest rates this year.

The bluechip FTSE 100 shed 0.4 as of 1023 GMT, while the domesticallyfocussed FTSE 250 midcap index lost 0.3.

Most subsectors traded lower, with aerospace and defence the worst hit, down 1.8.

Global stocks fell, while bond yields remained elevated after data on Friday showed U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1.

The yield on the 30year gilt jumped to a fresh 27year high, while the yield on the 10year note stood at its highest since 2008, extending the selloff into a second week.

British midcaps suffered a near 3 drop last week, hurt by a sharp rise in British borrowing costs that fuelled concerns about public finances following big spending plans announced by the government.

Energy was an outlier, up 1.2 as crude oil prices gained on wider U.S. sanctions on Russian oil and the expected effects on exports to top buyers India and China.

The elevated crude oil prices weighed on airline stocks, with the travel and leisure sector down 1.3.

Later this week, inflation figures will be in focus in the UK, along with most of Europe and the…