"The mood music around the UK continues to deteriorate as 30-year gilt yields rise to their highest level in over a quarter of a century."
"A continued sell-off in the bond market saw the yield of 30-year gilts hit a peak of 5.36 per cent, the highest level since 1998."
"The FTSE 250 tumbled 2 per cent, as mid-cap stocks came under pressure while government borrowing costs continued to surge."
"Investors have been reacting to concerns over the threat of stagflation and a wider global sell-off in government bonds."
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