According to data from MarketWatch, the UK 30-Year gilt – an indicator for long-term borrowing costs – is up 21.2% since the beginning of the year, standing at 5.34% at the time of reporting.
Yesterday (7 January), the yield hit 5.212%, surpassing the levels seen in the fallout of Liz Truss’ Mini Budget back in 2023 and set a new record for the millennium.
The 10-Year gilt is 20.9% higher since 1 January 2025, reaching 4.78% this morning.
Higher yields prompt investors to pour into fixed income funds as UK equities break outflow spell
Richard Carter, head of fixed interest at Q…