UK 30-Year Gilt Yield Soars to 27-Year High

2025-09-02 08:29 By Joana Ferreira 1 min. read

The yield on the UK’s 30-year gilt climbed to 5.695%, its highest since May 1998, as fiscal concerns continued to mount.

Markets are now focused on the upcoming Autumn Budget, where Finance Minister Rachel Reeves is widely expected to raise taxes to keep fiscal targets on track—moves that could further complicate efforts to boost economic growth.

At the same time, investors are closely watching Treasury Committee hearings with Bank of England policymakers for signals on the path of interest rates and potential adjustments to the central bank’s quantitative tightening program.



News Stream
UK 30-Year Borrowing Costs Hit Fresh 27-Year High
The yield on the UK's 30-year gilt surged to 5.747% on Wednesday, surpassing yesterday's high of 5.723% and reaching its highest level since 1998. This increase is part of a broader global sell-off in long-dated government bonds and underscores the significant fiscal challenges facing Chancellor Rachel Reeves. The relentless rise in yields intensifies pressure on the Chancellor to implement spending cuts or tax increases in the upcoming November budget to assure the Office for Budget Responsibility, the UK's fiscal watchdog, that the government is adhering to its fiscal rules.
2025-09-03
UK 30-Year Gilt Yield Soars to 27-Year High
The yield on the UK’s 30-year gilt climbed to 5.695%, its highest since May 1998, as fiscal concerns continued to mount. Markets are now focused on the upcoming Autumn Budget, where Finance Minister Rachel Reeves is widely expected to raise taxes to keep fiscal targets on track—moves that could further complicate efforts to boost economic growth. At the same time, investors are closely watching Treasury Committee hearings with Bank of England policymakers for signals on the path of interest rates and potential adjustments to the central bank’s quantitative tightening program.
2025-09-02