Britain issues 30-year bonds at 1998 high
Britain launched 30-year bonds this Tuesday morning worth £4.25 billion ($5.75 billion) at the highest yield since 1998, with a yield rate of 5.8168%. This comes amid rising global borrowing costs and the impact of tensions between the United States and Iran, which pushed bond yields to their highest levels since early 1998. Despite an overall decline in demand for long-term bonds, demand for this record issuance was strong, with bid requests reaching £87.2 billion. This reflects increased financing costs and developments in the UK bond market.
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