Gilt Yields Spike Amid Global Bond Market Rout

Burnham's in hock to the bond markets - whether he likes it or not

Andy Burnham once said this country shouldn’t be in hock to the bond markets, so it was unfortunate that his much-hyped return to the House of Commons yesterday was overshadowed by the surging cost of servicing government debt. The yield on the ten-year gilt has hit its highest level since 2008. The longer term 30 [...]

Gilt yields spike amid global bond market rout

Yields on 30-year UK bonds, known as gilts, surged to more than 5.9% for the first time since 1998. Ten-year gilt yields climbed to 5.25%.

Gilts Lead Global Bond Selloff as Traders Play Catch Up

Gilts led a selloff in global government bonds on Tuesday as investors played catch up after the UK market was closed for a holiday.

Burnham beware, the bond markets will demand proper answers in the budget

Fair to say the current sell-off is international, but the PM has said little yet to make investors rethink the UK’s status It’s too soon to say the bond markets have turned on Andy Burnham. Tuesday’s spike in gilt yields, taking the UK’s 30-year borrowing costs to their highest level since 1998,…

Bond market rout brings gilt yields to financial crisis levels

The ongoing global bond market sell-off has sent 10-year gilts to 5.2%, the highest level since the global financial crisis of 2008. The United Kingdom is far from alone in this, with US Treasuries also spiking to put the 10-year paper at 4.8%. The climbing yields around the world reflect investors’ fears over persistently above target inflation and unsustainable government spending, exacerbated by the continuing wars in the Middle East and Ukra…