UK long-term borrowing costs hit 28-year high
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Bonds category. Published on September 1, 2026 • Originally reported by Heather Stewart. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Bonds category. Published on September 1, 2026 • Originally reported by Heather Stewart. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Yield on 30-year government bonds jumps to 5.88%, the highest since 1998, in bond rout triggered by global factors
The UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday as a global bond sell-off gathered pace.
The yield – in effect the interest rate – on 30-year UK government bonds, known as gilts, hit 5.89% as traders fretted about a fresh increase in oil prices driving up inflation.
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