the yield on 30-year UK government bonds hit a 27-year high on Tuesday amid market concerns about governments around the world borrowing on a large scale and US President Trump's attempts to dismiss Federal Reserve Board members, pushing up global government borrowing costs. London Stock Exchange data showed that the yield on 30-year UK government bonds hit a high of 5.680%, rising by about 4 basis points on the day, the highest level since May 1998. The yield on 30-year German government bonds also rose to a 14-year high, following the rise in US government bond yields. The borrowing cost for 30-year UK bonds is the highest among the G7 countries, reflecting concerns about the country's inflation rate, heavy borrowing levels, and slow economic growth. UK Chancellor Rishi Sunak is expected to raise taxes in the autumn budget to continue to meet his fiscal goals, which could pose challenges to accelerating economic growth.
UK 30-year bond yield hits highest level since 1998
2025-09-02 16:46:47 Primitive Reading
Disclaimer: This specification is preliminary and is subject to change at any time without notice. MYTOKEN assumes no responsibility for any errors contained herein.