Finance1d ago
Global Market: Record UK gilt yield raises fiscal pressure ahead of October Budget
Britain sold £4.25 billion of 30-year gilts at a record-high yield of 5.8168%, underscoring rising borrowing costs and fiscal pressures. Despite the elevated yield, demand remained strong, with orders exceeding £87 billion, as investors continued to favour UK government debt.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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