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How UK 30-year bonds reached the highest yield this century

EuroNews · · 1253 words · By Quirino Mealha
UK Economic Instability Political Risk and Governance Monetary Policy and Inflation
open_in_new Read the original article: https://www.euronews.com/business/2026/05/07/how-uk-30-year-bonds-reached-the-hi…

psychologyDetected Techniques

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Loaded Language 90% confidence
Using words with strong emotional connotations to influence an audience.
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Appeal to Fear 70% confidence
Building support by instilling anxiety or panic in the audience.
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Smears 80% confidence
Using damaging allegations to undermine a person's reputation.

fact_checkFact-Check Results

11 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
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help Insufficient Evidence 2
schedule Pending 1
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“30-year gilt yields reached levels not seen since 1998 this week.”
CORROBORATED
Three independent sources (The Guardian, a news report on gilt selloffs, and The New York Times) all confirm that 30-year gilt yields reached their highest levels since 1998 during the week in question.
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web search NEUTRAL — After hitting their highest level since 1998 today, UK 30-year bond yields have closed at 5.74% tonight.UK 30-year bond yields continued to rise after hitting their 28-year high his lunchtime, trading…
https://www.theguardian.com/business/live/2026/may/05/hsbc-4…
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web search NEUTRAL — Thirty-year gilt yields reached 5.768% at 1104 GMT, climbing more than 12 basis points from Friday’s close. Markets were closed Monday for a public holiday, during which U.S. and German yields increas…
https://www.investing.com/news/stock-market-news/uk-30year-b…
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web search NEUTRAL — This week, the yield on 30-year government bonds, known as gilts, climbed above 5.7 percent, the highest since 1998. The benchmark 10-year bond yield was close to 5 percent and has risen almost half a…
https://www.nytimes.com/2026/05/07/business/britain-bonds-gi…
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“On Tuesday, 30-year gilt yields rose as much as 0.14% to 5.79%, their highest level this century”
CORROBORATED
The Guardian and another source confirm that 30-year gilts hit levels not seen since 1998. Specifically, one source notes they traded as high as 5.78% on Tuesday, which aligns with the claim's 5.79% figure as a peak for the century/since 1998.
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web search NEUTRAL — Ten-year UK government bond yields also rose, by 12 basis points or 0.12 of a percentage point, to 5.09% – the highest level since late March. The yields on both 10-year and 30-year bonds eased slight…
https://www.theguardian.com/business/2026/may/05/uk-borrowin…
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web search NEUTRAL — The yield on 30-year gilts has shot up, closing at the highest level since May 1998 as investors weigh up how fiscal policy might be impacted if a massive Labour drubbing in this week’s local election…
https://www.theguardian.com/business/live/2026/may/05/hsbc-4…
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web search NEUTRAL — UK 30-year gilts traded as high as 5.78% on Tuesday, the highest level since 1998, while 10-year yields topped 5.10% with markets pricing in nearly three-quarter-point Bank of England (BoE) rate hikes…
https://www.fxstreet.com/news/gold-surges-as-middle-east-pea…
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“The yield on the 10-year gilt also climbed as much as 0.15% to 5.11%, very close to the 18-year high of 5.12% hit earlier in the Iran war.”
SINGLE SOURCE
While web results provide general data for 10-year gilts from FT, Investing.com, and MarketWatch, none of the provided evidence snippets specifically confirm the 5.11% figure or the specific reference to the 'Iran war' high of 5.12%.
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web search NEUTRAL — Get the latest UK 10 year Gilt bond prices, interest rates, and bond rates on FT.com.
https://markets.ft.com/data/bonds/tearsheet/summary?s=UK10YG
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web search NEUTRAL — Stay on top of current and historical data relating to United Kingdom 10-Year Bond Yield. The yield on a Treasury bill represents the return an investor will receive by holding the bond to maturity.
https://www.investing.com/rates-bonds/uk-10-year-bond-yield
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web search NEUTRAL — TMBMKGB-10Y | A complete U.K. 10 Year Gilt bond overview by MarketWatch. View the latest bond prices, bond market news and bond rates.
https://www.marketwatch.com/investing/bond/tmbmkgb-10y?count…
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“In 2024, after Keir Starmer's election, the Labour party pledged "fiscal discipline" and established a long-term framework in the Autumn Budget”
SINGLE SOURCE
The web search results provided for this claim are completely irrelevant, discussing game configurations and Steam community forums instead of UK politics or the Labour party.
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web search NEUTRAL — Please explain a key configuration in a tutorial. And provide key re-binding.
https://steamcommunity.com/app/1179500/discussions/0/2865909…
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web search NEUTRAL — The game runs at an uncapped frame rate, which for me is about 2000 FPS. That just feels like a waste of energy and needless wear-and-tear on the GPU. Some kind of in-game frame limiter would be helpf…
https://steamcommunity.com/app/1179500/homecontent/
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web search NEUTRAL — Aug 30, 2024 · Star Gods - Join Jane as she journeys through the cosmos to unravel the truth behind the existence of the Star Gods and the mysterious disappearance of her soul mate, Izil.Battle throug…
https://steamcommunity.com/app/1179500/discussions/search/
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“The plan introduced the "Stability Rule" mandating that the current budget... must be in surplus by the end of 2029/30.”
CORROBORATED
The Economics Observatory and Full Fact both confirm the fiscal rule that the day-to-day (current) budget should be in surplus by 2029/30.
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web search NEUTRAL — ‘For the forecast for 2029/30: The day-to-day budget (or current budget) should be in surplus.Public sector net financial liabilities should be falling by the third year of the rolling forecast period…
https://www.economicsobservatory.com/might-the-uk-really-nee…
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web search NEUTRAL — The UK government borrowed less than expected in December, official figures show, after record-breaking receipts, giving a boost to the chancellor.
https://www.theguardian.com/business/2026/jan/22/uk-governme…
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web search NEUTRAL — UK government long-term borrowing costs have reached their highest level since 1998, adding to the pressure on the chancellor ahead of the Budget. The interest rate on 30-year government bonds, known …
https://www.bbc.co.uk/news/articles/cy989njnq2wo
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“Additionally, the "Investment Rule" was also put forward... This norm requires Public Sector Net Financial Liabilities (PSNFL) to be falling as a percentage of GDP within the same timeframe as the "Stability Rule".”
CORROBORATED
The House of Commons Library, Institute for Government, and Full Fact all confirm that the 'investment rule' requires Public Sector Net Financial Liabilities (PSNFL) to be falling as a share of the economy/GDP by 2029/30.
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web search NEUTRAL — The government would, therefore, be forecast to only be borrowing for investment (capital) spending. public sector net financial liabilities should be falling, relative to the size of the economy, com…
https://commonslibrary.parliament.uk/research-briefings/cbp-…
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web search NEUTRAL — Net financial debt should fall as a share of the economy in 2029/30 ('investment rule') This rule requires that public debt - newly defined as public sector net financial liabilities (PSNFL), or 'net …
https://www.instituteforgovernment.org.uk/explainer/current-…
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web search NEUTRAL — The first commits the government to ensuring that day-to-day public sector spending is met by revenues from taxes and other sources by 2029/30—meaning the government would only borrow to invest. The s…
https://fullfact.org/government-tracker/budget-fiscal-rules/
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“the Budget Responsibility Act 2024established a "fiscal lock", legally preventing any significant tax or spending changes from being introduced without an independent assessment from the Office for Budget Responsibility (OBR).”
SINGLE SOURCE
The web search results provided are irrelevant, returning results for car rentals and budget worksheets instead of the Budget Responsibility Act 2024.
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web search NEUTRAL — Budget offers reliable car rentals at low rates. Easily book a sedan, SUV, truck, or EV for your next trip. Get started today!
https://www.budget.com/en/home
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web search NEUTRAL — Budget Worksheet Use this worksheet to make a budget. Fill in how much money you make. Then fill in your expenses. Subtract your expenses from how much money you make. Download PDF
https://consumer.gov/your-money/budget-worksheet
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web search NEUTRAL — Jun 20, 2024 · 10 free Excel budget templates from Excelx.com covering every budgeting scenario: simple, weekly, monthly, annual, personal, family, student, event, project, and business budgets. Each …
https://excelx.com/template/budget/
info
“the disastrous appointment of Peter Mandelson as Britain's ambassador to Washington, and the revelations of his past friendship with Jeffrey Epstein”
SINGLE SOURCE
The web search results provided are completely irrelevant, returning information about Saint Peter the Apostle instead of Peter Mandelson.
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web search NEUTRAL — Saint Peter[note 1] (born Shimon bar Yonah; c. 1 BC – AD 64/68), [1] also known as Peter the Apostle and Simon Peter, [note 2] was one of the Twelve Apostles of Jesus and one of the first leaders of t…
https://en.wikipedia.org/wiki/Saint_Peter
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web search NEUTRAL — Jan 21, 2026 · Simon Peter, also known as Cephas (John 1:42), was one of the first followers of Jesus Christ. He was an outspoken and ardent disciple, one of Jesus’ closest friends, an apostle, and a …
https://www.gotquestions.org/life-Peter.html
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web search NEUTRAL — 1 Peter, an apostle of Jesus Christ, To God’s elect, exiles scattered throughout the provinces of Pontus, Galatia, Cappadocia, Asia and Bithynia, 2 who have been chosen according to the foreknowledge …
https://www.biblegateway.com/passage/?search=1+Peter+1&versi…
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“the local elections taking place in 136 authorities for more than 5,000 council seats on Thursday.”
INSUFFICIENT EVIDENCE
No evidence was provided or found for this claim.
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“More than half of the seats up for grabs this week are being defended by Starmer's party.”
INSUFFICIENT EVIDENCE
No evidence was provided or found for this claim.
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“every 0.25% rise in government borrowing costs adds approximately £2.5 billion (€2.9bn) to the annual debt-servicing cost.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.