Gilt yields soar to near 30-year high

Thirty-year bond yields rose as much as 6.029%, the highest since January 1998, while benchmark 10-year gilt yields were up 8 basis points at 5.510%, the highest since July 2007. That in turn weighed heavily on equities, and by 1145 BST, the FTSE 100 had tumbled 1% to 10,478.31. European stocks wer…