UK Raises Record at 10-Year Sale as Higher Yields Boost Demand

The UK raised a record £14 billion ($18.7 billion) from a sale of 10-year gilts, with higher yields helping to draw more than £141 billion of orders.

The sale came on the day UK 30-year borrowing costs touched the highest since 1998 amid growing worries over the nation’s fiscal position. Rates on 10-year bonds hit the highest since January.