Global Bond Market Turmoil Deepens as UK Long-Term Yields Surpass 6%

Global bond markets experienced significant selling on October 1, 2026, with UK 30-year bond yields exceeding 6% for the first time since 1998, reaching a 28-year high. US 10-year Treasury yields also climbed to 5.34%, a level not seen in nearly 25 years. This sell-off is driven by concerns over persistent high inflation, an energy shock, and expectations of further central bank rate hikes, impacting global borrowing costs.