UK government borrowing costs hover near 16-year high

Quick Summary:

Increases in gilt yields have since put that budgetary wriggle room under threat.

The 10-year gilt yield rose by 0.03 percentage points to 4.84 per cent but was still below the 4.93 per cent level touched on Thursday, which was the highest since 2008.

UK government borrowing costs edged higher on Friday but remained below Thursday’s peak as investors await a key US jobs report later in the day.

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Article Details

Author / Journalist: Ian Smith

Category: MarketsFinanceInvesting

Markets: United States

Topics: Investors Bond Government Edged Financial Government’s Friday Yields Cent Jobs Borrowing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 09:17:37 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25033393

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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