- Tuesday's gilt-yield spike lifted UK 30-year borrowing costs to their highest level since 1998.
- The sell-off was international, but the article says the PM has not yet given investors enough reason to rethink the UK's fiscal status.
- Deferring difficult decisions in the October budget risks intensifying bond-market pressure on the UK government.
Quotes
“Tuesday’s spike in gilt yields, taking the UK’s 30-year borrowing costs to their highest level since 1998, was part of an international sell-off of government debt.”