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UK 30-year gilt yield rises above 6%, highest since 1998
En breve
The yield on the UK 30-year government bond rose to 6.034% on October 7, its highest level since 1998, after gaining more than 12 basis points that day, CLS reported. Yicai and Jiemian, citing CCTV News, linked the rise to higher oil prices, a global bond sell-off and growing expectations of interest rate rises by major central banks.
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The yield on the UK 30-year government bond rose to 6.034% on October 7, the highest level since 1998, after rising more than 12 basis points during the day, CLS reported. Earlier that evening CLS had reported that losses in long-dated UK government bonds were widening, with the 30-year yield up 10 basis points at 6%. [ 1 , 2 ]
According to CCTV News, as carried by Yicai and Jiemian, the 30-year yield briefly broke above 6.03% during trading, a 28-year high, while the 10-year yield briefly rose to about 5.50%, close to its highest level since 2007. Government bond yields in the United States and other major economies also rose broadly, putting pressure on global bond markets, the report said. Xinhua also reported that UK long-term yields had climbed again. [ 3 , 4 , 5 ]
CCTV News attributed the rise to higher international oil prices, a sell-off in global bond markets and growing expectations that major central banks will raise interest rates. Market analysis cited in the report named continued tension in the Middle East and a renewed rise in energy prices as key drivers, noting that Brent crude had recently returned to above $100 a barrel, adding to concern about global inflation. [ 4 , 5 ]
Investors expect the Bank of England to raise rates in November with a probability above 90%, and cumulative increases by the end of 2027 could exceed 100 basis points, the report said. Expectations of further rate rises by the European Central Bank and the US Federal Reserve have also increased, according to the report. [ 4 , 5 ]
Por qué importa
CCTV News, as carried by Yicai and Jiemian, reported that yields also rose in the United States and other major economies, putting global bond markets under pressure. The same report said investors put the chance of a Bank of England rate rise in November at more than 90%, amid concern about global inflation.
Datos clave
- The UK 30-year government bond yield rose to 6.034% on October 7, the highest level since 1998. [ 2 ]
- The 30-year yield rose more than 12 basis points on the day. [ 2 ]
- The 30-year yield briefly broke above 6.03% during trading, a 28-year high. [ 4 , 5 ]
- The UK 10-year yield briefly rose to about 5.50%, near its highest level since 2007. [ 4 , 5 ]
- Brent crude recently returned to above $100 a barrel. [ 4 , 5 ]
- Investors put the probability of a Bank of England rate rise in November at more than 90%. [ 4 , 5 ]
- Government bond yields in the United States and other major economies also rose. [ 4 , 5 ]
Confirmado por varias fuentes
Aún sin aclarar
- Where the 30-year and 10-year yields closed on October 7. The documents give intraday highs and a level at the time of reporting, not closing levels.
- The 10-year yield reaching about 5.50%, near its highest since 2007. Only CCTV News, carried by Yicai and Jiemian, reports this figure.
- Market expectations of Bank of England rate rises, including more than 100 basis points of cumulative increases by the end of 2027. These are investor expectations reported by CCTV News, not decisions.
Qué dicen los medios locales
Cronología, hora local
- CLS reports the UK 30-year yield up 10 basis points to 6% as losses in long-dated gilts widen. [ 1 ]
- CLS reports the 30-year yield at 6.034%, the highest since 1998, up more than 12 basis points on the day. [ 2 ]
- On October 8, Xinhua and Yicai report that UK long-term yields climbed again. [ 3 , 4 ]