Key Takeaway
Yield on 30-year government bonds jumps to 5. 88%, the highest since 1998, in bond rout triggered by global factorsBusiness live – latest updatesThe UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday as a global bond sell-off gathered pace.
Published September 1, 2026 · Category: News
Overview
Yield on 30-year government bonds jumps to 5.88%, the highest since 1998, in bond rout triggered by global factors
The UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday as a global bond sell-off gathered pace.
Details
The yield – in effect the interest rate – on 30-year UK government bonds, known as gilts, hit 5.89% as traders fretted about a fresh increase in oil prices driving up inflation.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "UK long-term borrowing costs hit 28-year high" about?+
Yield on 30-year government bonds jumps to 5.88%, the highest since 1998, in bond rout triggered by global factorsBusiness live – latest updatesThe UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday as a global bond sell-off gathered pace.The yield – in effect the interest rate – on 30-year UK government bonds, known as gilts, hit 5.89% as traders fretted about a fresh increase in oil prices driving up inflation. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.