10 resultsfor “UK government bond yields current”
bond markets](https://www.theguardian.com/politics/2025/sep/25/andy-burnham-alarms-city-call-end-uk-dependence-foreign-lenders)”. The Greater Manchester mayor has since softened his stance, suggesting at the weekend he was committed to the government’s current fiscal rules and reducing the UK’s debt levels
yields, which hit a 28-year high of 5.77% earlier this week, also fell – down 7 basis points at 5.56%, their lowest in more than two weeks. The pound had gained three-quarters
yields on government bonds mean the government will face higher debt interest costs. It also strains Chancellor Rachel Reeves' spending power as she works to keep to her budget rules. The two main ones
yield – in effect the interest rate – on 30-year government bonds, or gilts, briefly reached 5.8% on Tuesday, [the highest level since 1998](https://www.theguardian.com/business/2026/may/12/uk-borrowing-costs-keir-starmer-bond-yields-pound-dollar-labour), before slipping back after a challenge failed to immediately
current fiscal rules](https://www.itv.com/news/2026-05-17/burnham-seeks-to-reassure-markets-but-keeps-room-to-bend-the-rules) and would have a plan to get debt down. By their nature, the rules – self imposed limits on borrowing and debt – are a straitjacket worn by successive administrations
UK to stick to the fiscal rules which continue to shrink government borrowing faster than other major economies. The main fiscal rules limit how much the government can borrow to fund day-to-day public
yield on 30-year gilts climbing to a peak of5.82%. Borrowing costs for other governments also rose on Friday, as worries persist about how the Iran war could push up inflation due to the surge
current Prime Minister Sir Keir might loosen public spending and increase borrowing by the government is concerning investors, say analysts. The prime minister and Chancellor Rachel Reeves have consistently committed to "iron clad" rules
currently anticipated, which would risk plunging the economy into a recession in the second half of this year. A barrel of Brent crude oil was trading at $111 on Tuesday. Calling this “severe but plausible
current [sharp rise in government borrowing costs](https://www.theguardian.com/business/2026/may/12/uk-borrowing-costs-keir-starmer-bond-yields-pound-dollar-labour), as swap rates – which lenders use to price their fixed-rate mortgages – tend to move in tandem with government bond yields. Tarrant Parsons, head