UK Markets Drop Amid Rising Debt and Borrowing Costs
TL;DR Summary
UK long-term bond yields reached their highest since 1998, driven by debt concerns and inflation fears, causing the pound to weaken and putting pressure on the government to address a significant budget deficit amid rising borrowing costs.
- UK Markets Slide as Debt Angst Drives 30-Year Yield to 1998 High Yahoo Finance
- UK borrowing costs hit 27-year high adding to pressure on Reeves BBC
- British Pound slides 0.9% against U.S. dollar as U.K. fiscal concerns mount CNBC
- Sterling, Japanese yen slump on investor anxiety over public finances Reuters
- Franklin Templeton Sees Gilt Yields Rising Above 6% By Year End Bloomberg.com
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