News > Cracks appear in UK gilt market as long-dated yields hit 5%

Cracks appear in UK gilt market as long-dated yields hit 5%

British government 30-year bond yields hit a 20-year high on Wednesday, pushing past 5%, and bond strategists warned that markets were becoming close to untradeable due to volatility.

Something the Bank of England will be watching with alarm. Another gauge of market dysfunction – the spread between the bid and ask prices – has also increased sharply in the gilt market in recent days