UK 30-Year Gilt Yield Surpasses 6% for First Time Since 1998 Amid Global Sovereign Debt Pressures

Britain's 30-year gilt yield climbed to 6.020% during the trading session, marking its highest level since 1998. This event signifies the first instance of a G7 long-dated bond yield exceeding 6% since Italy's debt crisis in 2012, reflecting broader global pressures from fiscal deficits, corporate borrowing for AI infrastructure, and inflation driven by higher oil prices.