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UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget. The yield – effectively the interest rate – on 10-year UK government bonds, or gilts, jumped to just below 5.3% in early trading: its highest level since mid-2008. Investors across major markets have been dumping bonds in recent days amid fears about inflation and spiralling deficits. Global inflation fears have intensified since the US and Iran began exchanging fire again at the weekend, pushing up the oil price and increasing expectations that central banks will have to raise interest rates in the coming months. Higher bond yields progressively increase the cost of financing the government’s debt.
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UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget. The yield – effectively the interest rate – on 10-year UK government bonds, or gilts, jumped to just below 5.3% in early trading: its highest level since mid-2008. Investors across major markets have been dumping bonds in recent days amid fears about inflation and spiralling deficits. Global inflation fears have intensified since the US and Iran began exchanging fire again at the weekend, pushing up the oil price and increasing expectations that central banks will have to raise interest rates in the coming months. Higher bond yields progressively increase the cost of financing the government’s debt.
Removed by Scoop Timeline eligibility policy
UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget. The yield – effectively the interest rate – on 10-year UK government bonds, or gilts, jumped to just below 5.3% in early trading: its highest level since mid-2008. Investors across major markets have been dumping bonds in recent days amid fears about inflation and spiralling deficits. Global inflation fears have intensified since the US and Iran began exchanging fire again at the weekend, pushing up the oil price and increasing expectations that central banks will have to raise interest rates in the coming months. Higher bond yields progressively increase the cost of financing the government’s debt.
Removed by Scoop Timeline eligibility policy
UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget. The yield – effectively the interest rate – on 10-year UK government bonds, or gilts, jumped to just below 5.3% in early trading: its highest level since mid-2008. Investors across major markets have been dumping bonds in recent days amid fears about inflation and spiralling deficits. Global inflation fears have intensified since the US and Iran began exchanging fire again at the weekend, pushing up the oil price and increasing expectations that central banks will have to raise interest rates in the coming months. Higher bond yields progressively increase the cost of financing the government’s debt.
Removed by Scoop Timeline eligibility policy
