- The interest rate on 10-year UK government bonds is at its highest level since July 2007, when the global financial crisis was starting to unfold.
- Investors offloaded global bonds amid fears of rising inflation, increasing pressure on John Healey ahead of his first budget.
Quotes
“Medium-term borrowing costs for the UK government hit a fresh 19-year high on Thursday, as investors continued to offload global bonds amid fears of rising inflation.”
“The interest rate on 10-year UK government bonds is at its highest level since July 2007, when the global financial crisis was starting to unfold.”