UK 30 year gilt yields surge as Burnham’s leadership bid rattles investors and rate expectations

Published on 15 May 2026

30-year UK yields jumped nearly 13 basis points

UK government borrowing costs jumped sharply on Friday, with 30-year gilt yields rising almost 13 basis points to 5.779%, close to a near three-decade high. The move followed renewed global bond stress linked to inflation worries from the Iran war and firm rate-hike expectations in the US. But the shock was sharper in Britain after Andy Burnham secured a potential path to challenge Labour PM Keir Starmer, raising investor fears of higher public borrowing.

30-year British gilt yields rose almost 13 bps to 5.779%
Yields neared the nearly three-decade high of 5.813% from Tuesday
US Treasury yields hit around a year high as Fed rate-hike bets strengthened
Japanese 10-year JGB yield rose up to 10 bps to 2.73%, a since 1997 peak
Ten-year UK gilt yields jumped about 11 bps, more than double German bunds
Investors expect a Burnham-led government could increase public borrowing

#labour leadership #inflation #uk bonds #gilt yields #federal reserve

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UK 30 year gilt yields surge as Burnham’s leadership bid rattles investors and rate expectations

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