Group 1 - The UK long-term government bond yields have reached their highest levels since 1998, with the 30-year bond yield rising to 5.67% and the 10-year bond yield to 4.78% [1][2] - The rising borrowing costs are creating significant pressure on the UK government, particularly as Chancellor Rachel Reeves faces the challenge of cutting spending and increasing taxes to improve the fiscal situation [1][2] - There is a consensus among economists that the UK will soon need to raise taxes to comply with self-imposed fiscal rules, making borrowing costs a critical factor in the country's fiscal health [1] Group 2 - The decline in UK bond prices is influenced by global factors, with the UK bond market being particularly affected by a general sell-off in long-term bonds [2] - Over the past 12 months, the 30-year UK bond yield has increased by more than 100 basis points, compared to approximately 80 basis points for US and German bonds [2] - Supply pressures may also be impacting the bond market, as the UK government is set to issue a new 10-year bond this week [2]
英国成全球债市抛售“重灾区”！财政困顿，30Y英债收益率升至1998年以来最高水平
Zhi Tong Cai Jing·2025-09-02 09:36