Gilt Yields Hit 2007 High as Oil Surge and ECB Hike Fuel Budget Nightmare

UK borrowing costs surged to their highest since 2007 as global bond sell-offs resumed overnight, oil topped $107 a barrel, and the ECB raised rates to 2.5% — piling pressure on Chancellor Healey just seven weeks before his first budget. France wants to scrap its bilateral migrant deal and go EU-wide. Reform UK is tearing itself apart over far-right protesters.

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Bond Sell-Off Resumes, UK Yields Hit 18-Year High

• What happened: The yield on 10-year UK...