Britain’s long-term borrowing costs rose again on Wednesday amid a global bond sell-off, underlining the precarious state of the UK’s public finances.

Yield on 30-year gilts reaches a 27-year high after Downing Street reshuffle

Rolling coverage of the latest economic and financial news

Yields on 30-year UK bonds, known as gilts, leapt to just below 5.7 per cent, the highest level since 1998 in the wake of a reshuffle seen as sidelining Rachel Reeves.

The interest rate on UK 30-year bonds hits the highest since 1998 as concerns over the economic outlook continue.

Global bond yields are rising on fiscal concerns, but the U.K. long-end faces further specific challenges.

Ministers are struggling to cool alarm after interest rates on UK gilts rose again this morning, having spiked to 27-year highs yesterday.

Britain’s long-term borrowing costs rose again on Wednesday amid a global bond sell-off, underlining the precarious state of the UK’s public finances.

Andrew Bailey’s remarks to MPs about the rise in the 30-year bond yield will bring some relief to the chancellor

A spike in long-term borrowing costs, concerns over the forthcoming Autumn Budget and political instability — it's just another normal week for the U.K.

Government bond yields fall after hitting highest level since 1998 earlier in the week.