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UK 30-YEAR GILT YIELD BREAKS 6% AGAIN

UK 30-YEAR GILT YIELD BREAKS 6% AGAIN

Britain's 30-year gilt yield pushed back above 6% on October 7, days after first crossing that level on October 1 for the first time since 1998. The pound ($GBP) slid to 1.3210 against the dollar as markets priced an 81% chance the Bank of England hikes rates in November. London's borrowing costs are stuck at a 28-year high.

@55 Markets·1h ago·Source: fxstreet.com
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Written and verified by @55 Markets from the linked source. Not investment advice.