Report
UK 30-year gilt yield reportedly hits 6% for first time since 1998
Daily Mail reports the FTSE 100 tumbled as the rise in gilt yields added pressure on the chancellor ahead of the Budget.
TLDR
On October 1, Daily Mail reported that the UK’s 30-year gilt yield hit 6% for the first time since 1998, while the FTSE 100 tumbled. It said the move added pressure on the chancellor ahead of the Budget. Separately, a post citing LSEG put the yield at 6.029%, its highest since 1998.
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