UK government borrowing costs hit 5% as Iran war fuels bond market sell-off
Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate risesUK government borrowing costs have risen above 5% amid an intensifying global bond market sell-off fuelled by the Iran war.The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict. Continue reading...
Yields on 10-year debt reach highest since the 2008 financial crisis, raising concerns of faster interest rate rises
UK government borrowing costs have risen above 5% amid an intensifying global bond market sell-off fuelled by the Iran war.
The yield – or interest rate – on 10-year debt hit its highest level since the 2008 financial crisis, rising 13 basis points to 5.081%, as investors acted on concerns about the economic fallout from the conflict. Continue reading...
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