UK 30-year bond yield hits highest since 1998 amid global sell-off

The yield on Britain's 30-year government bond reached 6% on Thursday, its highest level since 1998. This surge was driven by a global bond sell-off, concerns over inflation, and elevated energy prices. The Bank of England had previously warned that the financial stability risk outlook had deteriorated, citing renewed tensions in the Middle East and growing financial exposures linked to artificial intelligence.