UK sovereign bond yield2 Sep 2025 11:08
Extended its gains further today, where the 30-year gilt yield jumped by 6 basis points to hit 5.69%, its highest level since March 1998, over the previous 27-year high set on 9 April.
It comes a a blow to chancellor Rachel Reeves, who will be drawing up this autumn’s budget.
Jim Reid of Deutsche Bank said: "Even in orderly markets, we’re seeing a slow-moving vicious circle: rising debt concerns push yields higher, worsening debt dynamics, which in turn push yields higher again."
Germany’s 30-year yield also climbed to a 14-year high, tracking a rise in US Treasury yields."
"Meanwhile, investors have been piling into gold as a safe-haven asset, which reached a new all-time high over the $3,500 mark to hit $3,508.50 an ounce."
"Stocks fall and pound tumbles as UK 30-year bond yields hit 27-year high"
https://uk.finance.yahoo.com/news/ftse-100-live-stock-markets-wall-street-pound-bond-yields-081446606.html
Starting to look like there could be a stock market correction....