BackUK government pays highest interest rate on 30-year bond since 1998
High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, J
The Guardian
Original reporting
High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget The UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey. Echoing the global bond market sell-off that has driven up yields, or interest rates, on government borrowing across the main markets, the Treasury paid 5.82% to borrow £4bn. Continue reading...
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- The Guardian
- Published
- 9/8/2026
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- 1
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- 1 min read
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