UK 30-year gilt yields hit highest since 1998
British 30-year gilt yields rose to their highest levels since 1998 amid tracking moves in Treasuries and rising energy prices. The jump adds pressure on the new finance minister ahead of the upcoming budget statement.
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United Kingdom 30-year gilt yields rose to 5.925% on Thursday afternoon, reaching their highest level since 1998 amid surging energy costs. The move tracks a global debt selloff driven by shifting monetary policy expectations in the United States and Brent Crude Oil prices topping $105 a barrel.
