U.K. gilt yields hit multidecade highs amid inflation fears
Yields on 30-year U.K. gilts rose to their highest since 1998, while 10-year borrowing costs reached their highest since 2007, attributed to inflation fears as oil prices climbed.
K. government bonds, or gilts, rose on Monday to their highest since 1998, while 10-year borrowing costs reached their highest since 2007, as inflation fears intensified with oil prices climbing further. Investors sharply raised expectations for the Bank of England…