The UK’s long-term cost of borrowing has hit its highest level since early in Tony Blair’s first term as prime minister, as speculation swirls over Keir Starmer’s future.
Reuters are reporting that the yield (or interest rate) on both 20 and 30-year bonds is the highest since 1998, rising over the highs seen early this month.
Here’s the details:
-
UK 20-YEAR GILT YIELD RISES TO HIGHEST LEVEL SINCE JULY 1998 AT 5.734%, UP 12 BPS ON DAY – LSEG DATA
-
UK 30-YEAR GILT YIELD RISES TO HIGHEST SINCE MAY 1998 AT 5.794%, UP 11 BPS ON DAY – LSEG DATA