Gilt yields spike amid global bond market rout sending UK long-term borrowing costs to a 28-year high

Yields on 30-year UK bonds, known as gilts, surged to more than 5.9% for the first time since 1998. Ten-year gilt yields climbed to 5.25%.

Treasury yields continued to climb on Wednesday as inflation fears stoked a global rise in borrowing costs.

Yields on 30-year UK bonds, known as gilts, surged to more than 5.9% for the first time since 1998. Ten-year gilt yields climbed to 5.25%.

Oil prices rose, stocks fell and bond yields spiked after the US launched fresh attacks on Iranian targets. Japan's 10-year bond yield hit 3% for the first time since 1996.  The deepening global selloff comes amid fears over rising inflation and concern over mounting government debt - which in the US has risen above 40

CommentCapital should go to investments that speed up long-term growthRising bond yields may be a sign the Japanese economy is emerging from three lost decades. (Photo by Yutaka Miyaguchi)SETSUO OTSUKASeptember 2, 2026 03:22 JSTTOKYO -- With Japan's long-term bond yields climbing above 3% for the first time in 30 years

Global bond rout deepens as Japan's yield hits key 3% milestone  Reuters

Renewed conflict in the Gulf pushed oil prices up, and the US Federal Reserve chair made hawkish noises last week.

US Treasury secretary Scott Bessent sends signal that he expects Bank of Japan to raise rates soon

Long-Term Global Government Bond Yields Hit Fresh Highs  WSJ