UK Sells 5-Year Debt at Highest Yield Since 2008
Britain sold 4.5 billion pounds of 5-year debt paying an average yield of 5.036 percent, the highest level since 2008. The sale reflects mounting pressure on finance minister John Healey ahead of his budget announcement.
The United Kingdom sold £4.5 billion ($6.0 billion) in five-year debt during Tuesday morning's auction, paying an average yield of 5.036%. This rate marks the highest borrowing cost for the maturity since 2008.
