London stocks lower as UK borrowing costs rise again

In early trading, bond yields across major markets have moved slightly higher, with the UK seeing the sharpest rises. Although the changes are modest, they reflect the ongoing upward momentum in long-term borrowing costs. The yield on 10-year UK gilts rose by 2 basis points, or 0.02 percentage points, to 4.82%. Meanwhile, the yield on 30-year gilts climbed by almost the same amount, reaching 5.38%. Jim Reid, market strategist at Deutsche Bank, said that the global bond selloff shows few signs of..