Medium-term borrowing costs for UK government hit 19-year high

Medium-term borrowing costs for the UK government hit a fresh 19-year high on Thursday, as investors continued to offload global bonds amid fears of rising inflation. Recent dramatic moves in government bond markets have been driven by international factors, but will increase the pressure on John Healey ahead of his first budget as chancellor on 28 October. The yield, or interest rate, on 10-year UK government bonds had jumped 0.06 percentage points by lunchtime in London, to 5.515%.

Investors offload global bonds amid fears of rising inflation, increasing pressure on John Healey ahead of first budget Medium-term borrowing costs for the UK government hit a fresh 19-year high on Thursday, as investors continued to offload global bonds amid fears of rising inflation. Recent dramatic moves in government bond markets have been driven by international factors, but will increase the pressure on John Healey ahead of his first budget as chancellor on 28 October.

Summarised by Agaah from The Guardian. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.