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The Independent UK

Business

Alex Daniel

UK 30-year gilt yields reach highest point since 1998 amid Trump tariff fallout

Donald Trump United Kingdom United States George Saravelos US Federal Reserve

British long-dated gilt yields surged to their highest point since 1998 on Wednesday, while global markets slumped in response President Donald Trump imposing his latest round of tariffs.

The yield on a 30-year gilt, or a UK government bond, hit a peak of 5.617% on Wednesday, up around 26 basis points and surpassing a previous 27-year high of 5.472% set in January.

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