UK bond yields hit 19-year high

British 10-year bond yields jumped to their highest level since July 2007 at 5.527%, with 20- and 30-year bond yields rising to their highest levels since early 1998. This comes amid a global bond sell-off driven by rising oil prices following attacks in the Gulf and fears of disruptions to US production, with Brent crude oil prices increasing by 5% to $105 per barrel.

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