UK long-term borrowing costs hit 28-year high
The UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday, with the yield on 30-year government bonds reaching 5.88%. The rise came amid a global bond sell-off that gathered pace as Brent crude oil rose above $92 a barrel amid renewed fighting in the Middle East. European stock markets fell sharply and the FTSE 100 was down more than 1%, led by mining and manufacturing shares.
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Guardian