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John Redwood: UK 10 year bond yield rises to 5.48 percent, topping French rate

John Redwood: UK 10 year bond yield rises to 5.48 percent, topping French rate
UK 10 year bond yield hits 5.48 percent

John Redwood highlights that the 10 year UK bond yield has reached 5.48 percent, which is more than 1 percent above the highest rate seen in 2022.

He points out that this yield is significantly higher than the current 4.88 percent French rate, despite ongoing riots and budget issues in France. Redwood questions when the Chancellor will stabilize UK finances and urges immediate action.

Redwood previously noted that 30-year UK government bond yields surged to 6 percent, surpassing last year’s highs and drawing opposition criticism here. He has also flagged the government’s planned £275 billion borrowing this year, warning this could lead to £478 billion in interest charges over 30 years here. These developments follow continued concerns about the costs of UK government debt.

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