The GuardianLean L·
Global bond sell-off intensifies, as UK long-term borrowing costs pass 6%
Fears that US deficit is unsustainable drive yields on Treasury bills and UK gilts to multi-decade highs Business live – latest updates The turmoil in global bond markets has intensified amid fears the US deficit is reaching unsustainable levels, helping drive UK long-term borrowing costs to a 28-year high. The threat of a renewed round of inflation from the persistently high cost of oil has spooked investors, who believe central banks will be forced to raise interest rates in the coming months…
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