Global bond sell-off intensifies as UK 30-year yields hit 28-year high
Source Summary
UK long-term borrowing costs have risen to their highest level since 1998, with 30-year bond yields passing 6%, driven by global bond market turmoil. Investors fear the US deficit is becoming unsustainable and worry that persistently high oil prices will reignite inflation, prompting expectations that central banks will raise interest rates in coming months.
Why it matters
Rising bond yields increase borrowing costs for governments and businesses globally, and signal investor concerns about inflation and fiscal sustainability that could influence central bank policy and economic growth.
