UK 30-year gilt yields hit 6% for first time since 1998
Summarised from 5 outlets · Updated 1 Oct, 09:55 · Archive
Britain's 30-year government bond yields reached 6% for the first time since 1998.
Britain's 30-year government bond yields hit 6 per cent for the first time since 1998, driven by global bond market turmoil. The Guardian reports that fears about unsustainable US borrowing costs and concerns about inflation from high oil prices have prompted the sell-off. London's FTSE 100 Index fell 1.7% as the bond market crisis spread to equities.
How it is being reported
- Global bond sell-off: Headache for Healey as gilt yields top six per centCity AM · 1 Oct, 10:12
- Global bond sell-off intensifies, as UK long-term borrowing costs pass 6%Guardian World · 1 Oct, 09:27
- UK 30-year gilt yields hit 6% for the first time since 1998 as bond selloff deepensThis is Money · 1 Oct, 09:18
- UK borrowing costs soar as gilt yields hit 6% for first time since 1998Evening Standard · 1 Oct, 09:13
- UK borrowing costs soar as gilt yields hit 6% for first time since 1998Independent Business · 1 Oct, 09:13
In this story: UK · United States · FTSE 100 · Chancellor
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
Comments (0)