UK 30-Year Gilt Yield Reaches Highest Since 1998

The yield on the United Kingdom's 30-year government bond surged above 5.60% on Monday, marking its highest level since 1998. Similarly, the 10-year gilt experienced a significant increase, rising more than four basis points to 4.739%, its peak since May.

Investor Concerns Drive Yield Increases

This upward movement underscores a mix of investor worries, including persistent inflation, looming fiscal risks, and shifting global rate expectations. Attention now turns to forthcoming UK economic indicators—such as inflation rates, retail sales figures, and PMI data—with potential negative surprises possibly reigniting speculation about imminent rate cuts.

As of 4:33 pm CET, the 30-year gilt had climbed by 3.7 basis points to yield 5.602%, while the 10-year gilt advanced by 4.6 basis points to 4.744%.