Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

UK 30-year gilt yields hit highest since 1998 as budget scrutiny intensifies

The Guardian ·
UK 30-year gilt yields hit highest since 1998 as budget scrutiny intensifies
  • 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.”— Nils Pratley

Sources