UK Bond Yields Soar to 1998 High as Iran War and Budget Fears Mount

UK borrowing costs have hit their highest level since the late 1990s, with the Treasury paying 5.82% on a 30-year bond. This surge, driven by global market jitters over the Iran war and oil prices, is threatening to wipe out half of the Chancellor's planned budget headroom. Meanwhile, Bank of England Governor Andrew Bailey has warned that inflation risks are firmly "to the upside," and new airport chaos could disrupt travel into Wednesday.

The Full Picture

**Bond Yields...