Key Takeaway
High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey. Echoing the global bond market sell-off that has driven up yields…
Published September 8, 2026 · Category: News
Overview
High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget
The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey.
Details
Echoing the global bond market sell-off that has driven up yields, or interest rates, on government borrowing across major markets, the Treasury paid 5.82% to borrow £4bn.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "UK government pays highest interest rate on 30-year bond since 1998" about?+
High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey.Echoing the global bond market sell-off that has driven up yields, or interest rates, on government borrowing across major markets, the Treasury paid 5.82% to borrow £4bn. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.