UK sells bonds at highest yield since 1998
Britain sold 4.25 billion pounds of 30-year bonds on Tuesday with the highest yield since 1998. The sale highlights mounting pressure on public finances as global borrowing costs rise ahead of the upcoming budget.
Xurve View
Insights:
Xurve View
United Kingdom sold £4.25 billion in 30-year bonds on Tuesday morning with a yield of 5.8168%, the highest since comparable records began in 1998. The auction tests public finances as finance minister John Healey prepares his upcoming budget amid global market pressures. United Kingdom currently carries the second-highest government borrowing costs among larger advanced economies behind Australia.
