Britain Faces Rising Borrowing Costs as Bond Markets Target 'Bifs'
Britain is now facing the highest borrowing costs among G7 nations, with a 10-year gilt yield of 4.8%, as bond markets have shifted focus to the 'Bifs'—Britain, Italy, and France. This follows increased market volatility due to the war in Iran, with the UK's borrowing costs rising sharply, impacting its fiscal position and locking in high rates for the long term.
Topics: Bifs bond markets economic performance Gilt yields UK debt