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UK 30-year gilt yield hits 28-year high at 5.89% amid global bond rout
Guardian WorldLO·GB·1 day ago
The global government bond sell-off intensified, pushing the UK 10-year gilt yield to just below 5.3%, its highest since mid-2008. The move is attributed to US-Iran tensions stoking inflation fears, complicating the fiscal backdrop ahead of the UK budget. The sell-off signals rising inflation expectations and potential pressure on central bank policy.
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