Global bond sell-off intensifies, as UK long-term borrowing costs pass 6%
Worldwide bond markets are experiencing heightened selling as investors worry about unsustainable US borrowing costs. This pressure has lifted the United Kingdom's 30‑year gilt yield above 6%, a level not reached since 1998, highlighting growing stress in sovereign debt markets. The sell‑off has spread across major economies, with yields on other long‑dated securities also climbing.