UK Bond Market Rout

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 1 Oct

   Bourses in Europe were also hit, with Germany’s Dax and France’s CAC 40 falling by 1.1%.

   2 outlets · The Guardian

Coverage 4 articles

• 2 Oct UK becomes first major economy to pay 6% to borrow since eurozone crisis as bond market rout pushes yields to highest since 1998Britain has become the first G7 economy since the eurozone crisis for which national borrowing costs have surpassed 6%, reflecting significant turmoil in global bond markets. Specifically, yields on UK 30-year bonds (gilts) reached a peak of 6.03%—the highest since 1998—as investors demanded higher interest rates amid inflation fears and geopolitical tensions, particularly concerning the Iran conflict under…Daily Mail
• 1 Oct Britain battered in global bond market rout as borrowing costs rise to highest level since 1998Britain's long-term borrowing costs reached a high of 6% for the first time since January 1998 due to rising global bond yields, particularly influenced by developments in the US market. This rise puts significant pressure on Chancellor John Healey ahead of his upcoming Budget announcement, as higher interest rates make it more expensive for Britain to borrow money, reducing funds available for public spending and…Daily Mail
• 1 Oct UK borrowing costs soar as gilt yields hit 6% for first time since 1998UK government borrowing costs increased sharply as gilt yields rose to 6.07%, the highest since 1998. This rise in bond yields reflects global market instability and has led to a decline of 2% in London’s FTSE 100 Index, which fell by 209 points to stand at 10397.1 shortly after trading began. The increase in borrowing costs adds pressure on the government's finances, making it harder to manage spending commitments…Evening Standard
• 1 Oct Global bond sell-off intensifies, as UK long-term borrowing costs pass 6%Global bond markets are experiencing increased turmoil due to fears over unsustainable US deficits and rising oil costs leading to potential inflation. In this context, UK long-term borrowing rates reached 6% for the first time since 1998, affecting stock markets and pressuring Chancellor John Healey ahead of an upcoming budget. The sell-off is driven by concerns about central bank rate hikes in response to…The Guardian

Keep exploring

Similar coverageTreasury Yields Surge Similar coverageBond Market Concerns Similar coverageUS Treasury Yields Soar Similar coverageBank Of England Interest Rate Decision Similar coverageGovernment Borrowing Increases Similar coverageBond Selloff And Market Volatility Similar coverageTreasury Bond Buy Backs Similar coverageUK Budget Controversy Similar coverageUS National Debt Crisis RecentHayden Panettiere’s Death Ruled Accidental