UK borrowing costs hit 25-year high as global bond sell-off intensifies on inflation, political concerns
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UK long-term borrowing costs hit highest level since 1998 amid global bond market sell-off driven by inflation fears and political instability
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30-year UK government bond yields above 5% for first time in 25 years; Follows rising concerns central banks will keep interest rates high into 2024/2025
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US political uncertainty and higher borrowing pushes Treasury yields to 16-year peak; Germany also faces instability and borrowing strains
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Analysts warn equity valuations and risk appetite mean further stock market falls likely in coming weeks after calm European trading
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Weaker economic surveys for UK and eurozone confuse global picture alongside robust US jobs vacancy data; Dollar strength weighing on sterling and commodities
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