Daily Market Updates: UK government pays highest interest rate since 1999 on 10-year debt

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UK government pays highest interest rate since 1999 on 10-year debt

Bank of England data also showed UK mortgage approvals fell to 54,918 in August, the lowest level since the end of 2023, as higher borrowing costs deterred buyers.

Reported · Written up by our desk · Government Bonds

Britain’s government paid the highest interest rate since 1999 in a 10-year bond sale, according to rolling coverage from the Guardian Business.

Separate Guardian Economics coverage tied the broader backdrop to housing demand, saying UK mortgage approvals fell to 54,918 new home loans in August on a seasonally adjusted basis.

That level was described as the lowest since the end of 2023, with the piece attributing the decline to rising borrowing costs deterring potential home buyers.

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Sources

Guardian BusinessUK government pays highest interest rate on 10-year debt since 1999 at bond auction – business live

Guardian EconomicsUK government pays highest interest rate on 10-year debt since 1999 at bond auction – business live

Bonds & Rates

UK government pays highest interest rate since 1999 on 10-year debt

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