UK 30-year government bond yields in Britain reach 6% for the first time since early 1998, according to the reports. The move adds pressure on the Chancellor ahead of the forthcoming Budget.
Alongside the bond-market move, the FTSE 100 index is reported to be falling, indicating wider market stress. The articles link the rise in long-term gilt yields to concerns about government financing costs and expectations around fiscal policy. Both outlets describe the same threshold being breached and the timing relative to the Budget, but they provide limited additional detail beyond the market reaction.
