UK 30-year borrowing costs reach 6%, highest since 1998

2026-10-06

UK government bond yields have climbed to 6%, a level not seen since 1998, as a global sell-off in the bond market intensifies. This marks a significant increase in the cost of long-term borrowing for the UK government.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

UK 30-year borrowing costs have reached 6%, the highest since 1998, due to an intensifying global bond sell-off. This increase signifies a higher cost for the UK government to finance its long-term debt.

Key facts

UK 30-year borrowing costs have reached 6%.
This is the highest level for UK 30-year borrowing costs since 1998.
The increase is occurring as a global bond sell-off intensifies.
US 10-year Treasury yields also rose to their highest level since 2002.

Source: Guardian · Tech policy

Reported by VERA Newswire.