UK pays highest borrowing cost since 1998 at gilt sale
Thirty-year gilts priced at a yield of 5.82%, underscoring pressure on public finances from global bond sell-off
TL;DR
- UK priced 30-year gilts at a 5.82% yield.
- This is the highest yield for these bonds since 1998.
- The sale highlights pressure on public finances.
- The pressure is attributed to a global bond sell-off.