UK Must Pay Highest Interest Rate on Government Bonds in Decades

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The United Kingdom has not had to pay such high interest rates on ten-year government bonds since 1999 as it does now. On Tuesday, the British Debt Management Office sold £4.25 billion worth of ten-year bonds with a coupon rate of 4.875 percent. Over the entire period, this yields an average return of 5.383 percent. That is the highest level in 19 years.

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The British Government has paid the highest return on treasury bonds since 1999 at an auction to sell bonds for 10 years yesterday, Tuesday, where investors have requested additional allowances to offset continuing inflation and the prospects for increased government spending in the budget submission to be announced next month.

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The British 10-year bond auction closed with an average yield of 5.383%, the highest since 1999, according to published information about the operation. Demand was less intense than in August, while investors remain attentive to inflation, public spending and the projected budget for October.

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Britain borrowed at an interest rate of 5.383% through the auction of 10-year bonds, at the highest borrowing cost for a similar issue since 1999. Investors appear cautious towards British government bonds,… Britain: Borrows at the most expensive interest rate since 1999 - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ