UK 30-year gilt yield jumps to 5.85%, the highest since 1998

UK 30-year government bond yields have climbed to 5.85%, marking their highest level since 1998 and resetting a near three-decade high. The move is not confined to the UK: bond markets globally are increasingly pricing in the risk of sticky inflation and higher debt-servicing costs. When long-term yields rise sharply across major economies, investors tend to reassess conditions across assets. What could this mean for markets, central banks and gold? Watch now: