Inflation Fears Spark Global Bond Sell Off: What This Means for Britain's Budget The latest global bond sell off has left investors and policymakers scrambling to mitigate its impact on economies worldwide.
For Britain, this development is particularly concerning as it heads into a crucial budget season, with the UK's borrowing costs having skyrocketed.
The 10 year gilt yield has reached its highest level since mid 2008, breaching the 5. 3% mark in early trading on Wednesday.