The 10-year yield on UK gilts – Government bonds – rose by 0.05 percentage points to 4.81% shortly after the market opened.

The Office for National Statistics said the government’s net borrowing was £23.2 in May, above economists’ £19bn prediction.

The 10-year yield on UK gilts – Government bonds – rose by 0.05 percentage points to 4.81% shortly after the market opened.

UK government bond yields reached a one-week high on Friday, surpassing those of German securities. This uptick was driven by higher-than-expected borrowing figures and the…