UK gilt yields surge; 30-year tops since 1998, 10-year since 2008
30-year U.K. government bond yields rose to their highest level since 1998, while 10-year yields hit their highest since 2008, as global bond yields tracked rising inflation concerns.
By Miriam MukuruYields on 30-year U.K. government bonds soared to their highest level since 1998 on Tuesday, while 10-year yields hit their highest since 2008, mirroring trends in global bond yields due to rising inflation concerns.The rise in borrowing costs exacerbated concerns about the weak sta…