Original title: UK 30-Year Bond Yields Climb to Highest Level Since 1998
The yield on long-dated UK bonds rose to the highest since 1998, putting pressure on Prime Minister Keir Starmer ’s government to regain the confidence of investors who remain concerned over the fiscal outlook. The rate on 30-year gilts rose five basis points to 5.69% on Tuesday amid a global decline in government bonds. The pound also tumbled in London trading, falling 1.1% to $1.3395.