UK 30-Year Gilt Yields Rise Above 6% for First Time Since 1998
British 30-year government bond yields have surged to over 6%, the highest since early 1998. This rise follows a sharp increase in U.S. Treasury yields despite stable oil prices. Short-term gilt yields also climbed, reflecting concerns about the UK's fiscal vulnerabilities. Investors expect possible interest rate hikes by the Bank of England in November or December amid rising food and energy prices.
ET Markets·


