UK Sells £4.25 Billion in Gilts at Record Yield

Britain recently sold £4.25 billion of 30-year gilts at a record-high yield of 5.8168 percent, significantly highlighting mounting fiscal pressures and rising borrowing costs ahead of the upcoming October Budget. Despite these elevated yields, investor demand remained remarkably strong, with total orders exceeding £87 billion as market participants continued favoring UK government debt amid ongoing economic uncertainty.