UK bond yields rise to multi-decade highs
British government borrowing costs reached multi-decade highs as attacks on shipping in the Middle East drove oil prices higher. Ten-year gilt yields jumped by 10 basis points to 5.378 percent, marking their highest level since July 2007.
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United Kingdom borrowing costs jumped to multi-decade highs on Thursday as a spike in shipping attacks and robust United States data spurred rate hike bets. Ten-year gilt yields rose 10 bps to 5.378%, their highest level since July 2007. The surge pressures finance minister John Healey ahead of his budget statement next month.
