Bonds

UK Markets Slide as Debt Angst Drives 30-Year Yield to 1998 High

WATCH: Allianz says the UK is in a “dangerous” situation as the yield on long-dated gilts rose to the highest since 1998.Source: Bloomberg

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By Greg Ritchie

September 2, 2025 at 7:04 AM UTC

Updated on

September 2, 2025 at 3:37 PM UTC

UK markets suffered a fresh selloff on Tuesday, with the yield on long-dated bonds hitting the highest since 1998 and the pound tumbling, as pressure mounted on Prime Minister Keir Starmer to win the confidence of investors in the government’s budget.

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