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UK short-term borrowing costs shoot past ‘mini-budget’ crisis levels on strong labor data

LONDON — U.K. Borrowing Costs, as measured by the yield on short-dated government bonds, rose above levels last seen following Britain’s market-destabilizing “mini-budget” after labor market data showed rising wage growth on Tuesday. The yield on two-year gilts hit 4.754% at 10:13 a.m. London time, according to Refinitiv data, surpassing the 4.750% level set on […]

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UK short-term borrowing costs shoot past ‘mini-budget’ crisis levels on strong labor data

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