UK gilt yields jumped more than 17 basis points on Friday as global inflation concerns and domestic political uncertainty hit British government bonds, LSEG data showed.
The 10-year gilt yield stood at 5.166% at 1244 GMT, putting it on track for its biggest daily rise since United States President Donald Trump’s tariff announcements in April 2025.
Yields, which move in the opposite direction to bond prices, earlier reached 5.179% at 1214 GMT, their highest level since July 2008, according to LSEG data.
The yield premium over German bonds widened by 5 basis points on the day to 202 basis points, the widest spread since October 2025.
The selloff came as markets assessed global inflation risks and the prospect of Greater Manchester Mayor Andy Burnham challenging Prime Minister Keir Starmer.
