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UK gilt yields rise again to new multi-year highs

British government bond yields rose further on Monday, with the 30-year gilt yield touching its highest level since March 1998 at 5.951%.

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British government bond yields climbed further on Monday, with new multi-year highs across maturities as oil prices surged in response to a rapidly worsening supply situation in the Middle East. 951%, its highest level since March 1998.