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UK borrowing costs soar as gilt yields hit 6% for first time since 1998
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Evening Standard
UK borrowing costs soar as gilt yields hit 6% for first time since 1998
The global bond market woes spilt over into equities as London’s FTSE 100 Index tumbled by 1.7%.
1 Oct, 08:26
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Guido Fawkes
30-Year Gilt Yields Rise Above 6% for First Time Since 1998
The long 30-year gilt yield has now pushed through the 6% ceiling for the first time since 1998. Amid a global bond selloff that is worse in the UK… The yield on those gilts has hit 6.065% this morning. Ten-year yields are at a high of 5.526%. Borrowing has never been so expensive… Rates that…
1 Oct, 07:33