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

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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.

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

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