Markets

Gilt yields spike amid global bond market rout sending UK long-term borrowing costs to a 28-year high

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Yields on 30-year UK bonds, known as gilts, surged to more than 5.9% for the first time since 1998. Ten-year gilt yields climbed to 5.25%.

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Yields on 30-year UK bonds, known as gilts, surged to more than 5.9% for the first time since 1998. Ten-year gilt yields climbed to 5.25%.