％UK Government Bond 30Y
GB-30Y
▲ PositiveMonetaryrelevance
UK 30-year gilt yield at highest since 1998 due to inflation concerns and supply, indicating higher yields.
Impact on stocks 1
Others
The UK issued 4.25 billion pounds ($5.75 billion) of 30-year government bonds on the 8th, with a yield at its highest level since comparable statistics began in 1998. The bonds, maturing in 2056 with a coupon of 5.375%, were sold via syndication, yielding 5.8168%, the highest for any auction or syndicated sale since the UK Debt Management Office (DMO) was established in 1998. Long-dated conventional gilts once accounted for the majority of UK debt issuance, but due to rising issuance costs and declining demand from pension funds, they are expected to make up less than 10% of the 246 billion pounds of gilt issuance planned for this fiscal year. The UK has the second-highest government borrowing costs among major advanced economies, after Australia, and last week, 30-year gilt yields rose to their highest since early 1998 amid global concerns about inflation stemming from the war between the US and Iran.
UK 30-year gilt yield at highest since 1998 due to inflation concerns and supply, indicating higher yields.