10:20
UK Gilt Yields Hit Multi-Year Highs Today; 30-Year Yields Reach 5.904%
According to eToro strategist Lale Akoner, UK government borrowing costs climbed to multi-year highs on September 1. LSEG data shows 30-year gilt yields rose to 5.904%, marking the highest level in over 28 years, while 10-year yields reached 5.255%, the highest since 2008. Akoner attributed the rise to renewed inflation concerns and fiscal uncertainty ahead of the October 28 budget announcement, alongside broader global sovereign bond yield gains.