UK 30-Year Bond Yields Reach 27-Year High Amid Global Debt Concerns

According to BlockBeats, the yield on the UK's 30-year government bonds reached a 27-year high on Tuesday, driven by concerns over large-scale borrowing by governments worldwide and U.S. President Donald Trump's attempts to dismiss a Federal Reserve governor. Data from the London Stock Exchange indicated that the yield hit 5.680%, marking an increase of approximately 4 basis points within the day, the highest level since May 1998. Similarly, Germany's 30-year bond yields also rose to a 14-year high, following the upward trend in U.S. Treasury yields. The UK's 30-year borrowing costs are currently the highest among the Group of Seven nations, reflecting worries about the country's inflation rate, substantial borrowing levels, and sluggish economic growth. UK Chancellor Reeves is expected to raise taxes in the autumn budget to meet fiscal targets, which could further complicate efforts to accelerate economic growth.