UK long-term borrowing costs hit highest level since 1998
- The yield on the 30-year gilt in the UK reached 5.25% on Tuesday, marking the highest level since 1998.
- The UK government is forecasted to spend 7% of total public spending on servicing national debt, based on lower borrowing rates.
- The UK economy unexpectedly contracted by 0.1% in October, raising concerns about stagflation and fiscal policies.
- The Debt Management Office auctioned £2.25 billion worth of gilts with a minimum yield of 5.194%, reflecting a discount over the bond's face value.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left3Leaning Right9Center5Last UpdatedBias Distribution53% Right
Bias Distribution
- 53% of the sources lean Right
53% Right
L 18%
C 29%
R 53%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
