UK 30-Year Gilt Yields Hit 28-Year High
British 30-year bond yields reached a 28-year high during a global bond selloff. The rise adds pressure on finance minister John Healey ahead of his upcoming budget.
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British 30-year gilt yields surged to a 28-year high on Wednesday, driven by a global bond selloff that also pushed United States borrowing costs to peaks not seen since 2002. The spike pressures finance minister John Healey ahead of his debut budget in three weeks. Global inflation worries and rising energy costs continue to weigh heavily on sovereign debt markets.
