Business · 2 hours ago
UK 30-Year Borrowing Costs Hit Highest Since 1998
Diliff via Wikimedia Commons (CC-BY-SA-3.0)
Britain's long-term borrowing costs hit fresh multi-decade highs this week in a global bond sell-off after oil prices surged. Ten-year gilt yields reached about 5.53 percent, the highest since 2007, while thirty-year yields climbed above 6 percent for the first time since 1998. Reuters linked the move to Gulf shipping attacks and hurricane fears for US oil output, with Brent near 105 dollars a barrel.
Reported by Reuters · How we write briefs