UK 30-year gilt yields surge to highest since 1998

Analysing global bond markets as UK long-term borrowing costs hit 28-year high

The FTSE index of a hundred leading shares fell to its lowest for three months today, triggered by the turmoil on the global bond markets.

️ The UK became the first major economy with bond yields of 6% since the euro crisis

The UK set long-term interest rates on loans at 6% for the first time in 30 years, becoming the first G7 country with such high rates since the euro crisis began...

UK mortgage costs rise as bond yields hit highest since 1998

Thousands of British homeowners face higher repayments as fixed-rate deals expire amid rising borrowing costs and renewed inflation pressures.

UK borrowing costs hit 30-year high as Bond sell-off intensifies

Government bonds have been slumping across the world, with serious implications for mortgage borrowers.

UK 30-year gilt yields top 6% for the first time since 1998

British 30-year government bond yields have surged to their highest level since early 1998. This surge follows a significant increase in U.S. Treasury yields despite steadied oil prices. Short-dated gilt yields also rose sharply, reflecting concerns about the UK's fiscal vulnerabilities. Investors anticipate possible interest rate hikes by the Central Bank in November or December. The financial market is reacting to ongoing economic pressures li…