economy United Kingdom
Global bond sell-off pushes UK 30-year yields to 28-year high
5.38%
The yield on 10-year UK government bonds reached 5.38% by mid-morning on Thursday.
Global bond-market turmoil intensified amid inflation and deficit concerns. UK 30-year gilt yields reached 6%, a 28-year high, while rising five- and 10-year yields increased borrowing-cost pressure ahead of the budget.
2 sourcesThe GuardianUpdated
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- 5.38%
The yield on 10-year UK government bonds reached 5.38% by mid-morning on Thursday.
“had risen to 5.38% by mid-morning on Thursday”
The 10-year UK bond yield was approaching a 19-year high set the previous week.
“approaching the 19-year high set last week”
AllegedAnalysts believe recent yield increases wiped out more than half of the ÂŁ24 billion fiscal headroom.
“Analysts believe recent increases in yields have wiped out more than half of the £24bn “headroom””