UK Government Pays Highest Interest Rate on 30 Year Bond Since 1998 The UK government's latest debt auction has yielded an interest rate of 5.
82% to borrow £4bn for a 30 year bond, the highest rate since the Debt Management Office was established in 1998. This development is part of broader concerns about inflation and rising public debt.
As markets become increasingly jittery, the government's ability to balance its books comes under scrutiny.