Long-term UK borrowing costs at 28-year high as rising oil prices trigger global bond rout – business live– business live
Renewed fighting in Middle East weighs on financial markets; Shein shares tumble after Hong Kong stock market debutLonger-dated gilt yields have also surged, which means higher borrowing costs for Andy Burnham’s government.The yield, or interest rate, on the 30-year gilt jumped 9 basis points to 5.88%, the highest since March 1998. Continue reading…
Source: www.theguardian.com