Global Bond Sell-Off Deepens: UK Yields Near 19-Year High
Part of composite article Dollar Dominates: Pound Set for Worst Close Since June as 10-Year Treasury Yield Breaks 5% View full article →
Government bond prices are falling worldwide as investors worry the US economy may be growing too fast. This fear is pushing up borrowing costs.
In the UK, government bond prices weakened in early trading. The yield on 10-year UK gilts rose 2 basis points to 5.34%, close to a 19-year high reached last week.
A bond's yield is the return an investor gets. When bond prices fall, yields rise.