UK 30-year gilt yield hits 6%, highest since 1998, on inflation fears

UK 30-year government bond yields surged to 6%, the highest level since 1998, amid a global fixed-income sell-off driven by energy-driven inflation concerns. The move signals rising long-term borrowing costs for the UK government and reflects market anxiety over persistent price pressures. The yield spike may pressure fiscal policy and could have broader implications for global bond markets.