as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channelBritish 30-year gilt yields hit a 27-year high on Tuesday as government borrowing costs around the world were pushed up by worries about big state borrowing and U.S. President Donald Trump's attempts to fire a Federal Reserve governor.Thirty-year gilt yields touched a peak of 5.680%, up about four basis points on the day, their highest since May 1998, according to LSEG data.Germany's 30-year yield rose to a 14-year high, tracking a climb in U.S. Treasury yields British 30-year borrowing costs are the highest among the Group of Seven advanced economies, reflecting concerns about the country's inflation rate - also the highest in the G7 - heavy levels of borrowing and slow economic growth.Finance minister Rachel Reeves is expected to raise taxes in her autumn budget in order to remain on course for her fiscal targets , potentially adding to the challenge of speeding up the economy.

Source: The Times September 02, 2025 12:23 UTC