Former UK Prime Minister Liz Truss says bond rout could force emergency spending cuts

U.K. bond yields hit 18-year high as Bitcoin holds above $76K

U.K. gilt yields reached an 18-year high as Liz Truss warned that rising debt costs could eventually force emergency spending cuts.

Former UK Prime Minister Liz Truss says bond rout could force emergency spending cuts

Global Market: UK gilt yields hit 18-year high as global bond selloff intensifies

UK government bond yields climbed to fresh 18-year highs as a global sovereign debt selloff intensified amid rising oil prices and renewed inflation concerns. Higher borrowing costs are adding pressure on Britain’s debt-servicing burden and complicating the fiscal outlook ahead of the upcoming budget.

IMF sounds alarm on borrowing costs surge as bond rout deepens

The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen in the financial crisis. The yield on the 10-year UK gilt climbed four basis points on Wednesday morning to near 5.27 per cent, which followed the previous day’s rally that [...]