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Business & Finance · Oct 9, 2026

UK gilt yields surge to multi decade highs, raising borrowing costs ahead of Autumn Budget

British government bond yields climbed to levels not seen since 2007 on October 9, 2026, as a global bond sell off and a rebound in oil prices pushed investors to demand higher compensation for sovereign debt. The move is pressuring bank stocks, lifting mortgage and corporate financing costs, and complicating Treasury plans ahead of the October 28 Budget.