UK 10-year borrowing costs hit fresh highs as bond market sell-off continues – business live

Rolling coverage of the latest economic and financial news UK long-term borrowing costs could halve chancellor’s budget headroom The Guardian view on the global bond shock: Andy Burnham should take note Newsflash: UK government borrowing costs have jumped at the start of trading, as the bond market sell-off continues. The yield, or interest rate, on UK 10-year bonds jumped by 4 basis points (0.04 of a percentage point) to 5.268%. That’s the highest since June 2008 (Reuters reports). “The…