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Global bond sell-off intensifies, as UK long-term borrowing costs pass 6%
Fears that US borrowing costs are unsustainable drive Britain’s 30-year bond yield to level not seen since 1998 Business live – latest updates The turmoil in global bond markets has intensified amid fears the US deficit is reaching unsustainable levels, helping drive UK long-term borrowing costs to a 28-year high. The threat of a renewed round of inflation from the persistently high cost of oil has spooked…