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UK government borrowing costs hit 28-year high on leadership uncertainty
May 13, 2026
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The yield on 30-year UK government bonds – also known as gilts – jumped as much as 13 basis points to 5.807% in Tuesday morning trading, reaching the highest level since 1998 as Sir Keir faced increasing calls from within his own party to quit.
https://www.standard.co.uk/business/business-news/iran-sterling-b1281989.html
government bondsleadership uncertainty