“UK borrowing costs surge to 15-year high
The returns that the Government must offer investors to hold UK debt has risen to a 15-year high as markets predict interest rates will rise to 6.5pc within months.
The yield on 10-year UK gilts - considered the benchmark for borrowing costs - has climbed 15 basis points to 4.64pc to reach its highest level since the global financial crisis in 2008.
The yield is effectively the cost of Government borrowing over a set period. The yield on shorter two-year and five-year bonds have also reached 15-year peaks after rising to 5.47pc and 4.9pc.respectively.
The increase in the 10-year yield - which is less susceptible to swings in interest rate expectations - marks the first time the coupons have surpassed the levels set during the bond market crisis following Liz Truss’ ill-fated mini-Budget.”
https://www.telegraph.co.uk/business...ges-inflation/
So we could have had lower rates and lower taxes, instead Tory Scum delivers the opposite
The returns that the Government must offer investors to hold UK debt has risen to a 15-year high as markets predict interest rates will rise to 6.5pc within months.
The yield on 10-year UK gilts - considered the benchmark for borrowing costs - has climbed 15 basis points to 4.64pc to reach its highest level since the global financial crisis in 2008.
The yield is effectively the cost of Government borrowing over a set period. The yield on shorter two-year and five-year bonds have also reached 15-year peaks after rising to 5.47pc and 4.9pc.respectively.
The increase in the 10-year yield - which is less susceptible to swings in interest rate expectations - marks the first time the coupons have surpassed the levels set during the bond market crisis following Liz Truss’ ill-fated mini-Budget.”
https://www.telegraph.co.uk/business...ges-inflation/
So we could have had lower rates and lower taxes, instead Tory Scum delivers the opposite
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