Fears that US borrowing costs are unsustainable drive Britain’s 30-year bond yield to level not seen since 1998 Business live – latest updates The turmoil in global bond markets intensified on Thursday amid fears that the US deficit is reaching unsustainable levels, helping drive UK long-term bor...
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The UK’s long-term borrowing costs hit 6% for the first time in almost three decades as concerns about entrenched inflation and mounting government debt burdens lifted yields globally.