UK Inflation-Linked Yields Hit Highest Since Truss’s 2022 Rout
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The yield on the UK’s 30-year inflation-linked bonds rose to 2% for the first time since the market meltdown in late 2022.
The move comes amid a global bond-market selloff as persistent inflation means policymakers will likely have to slow the pace of cutting interest rates. Gilt yields are also hitting multi-year highs, with the 30-year at 5.28%, the highest since 1998.