UK 30-Year Gilt Yields Reach Highest Level Since 1998
UKPulse Markets Desk
Yields on UK 30-year bonds have surged, reaching levels not seen since 1998, with investors reportedly charging 6% to lend to Britain.
- UK 30-year gilt yields have reached their highest point since 1998.
- Investors are reportedly charging 6% to lend to Britain.
- This marks the first time a major economy has paid 6% to borrow since the eurozone crisis.
Yields on UK 30-year bonds, known as gilts, have surged, with investors reportedly charging 6% to lend to Britain. This development means the UK has become the first major economy to pay 6% to borrow since the eurozone crisis.
The bond market rout has pushed these yields to their highest levels since 1998. The rate investors are charging to lend to Britain is reportedly as much as they charged Italy in 2012.