UK borrowing costs rise as gilt yields surge to near 27-year high

According to data from MarketWatch, the UK-30 Year yield closed at just over 5.61% while the 10-Year rose to 4.74%.  This marks a continued pattern of growth for UK government bonds, with the 30-Year up 116% in the space of one year and the 10-Year up 82.3% over the same period.  Deutsche Bank analysts Henry Allen, Jim Reid, Peter Sidorov and Asim Kaul explained that this selloff came "as investors dialled back their expectations for rate cuts from the BoE".  "A rate cut by the December meeting was down to just a 54% probability by the close, and at one point it fell to just 45%, s...