Surge in gilt yields reflects market anxiety over oil shocks and economic outlook Long-term borrowing costs in the United Kingdom rose sharply on Tuesday, reaching levels not seen since 1998. Yields on 30-year government bonds, known as gilts, climbed above 5.7 percent during trading, signaling growing concern among investors about inflation and fiscal stability. The … Continue reading UK Borrowing Costs Hit Highest Level Since 1998 as Energy Crisis Fuels Inflation Fears