'It's a challenging time': Advisers react to record gilt yield rises

The latest rise in UK gilt yields has created concerns about the UK government's ability to manage its debt. At time of writing the current 30-year gilt yield stands at 5.41%, while the ten-year gilt yield is 4.86%. The pound also fell to its lowest level against the US dollar in 14 months today (13 January), hitting a low of $1.21. Meanwhile, borrowing costs for the government have risen to the highest levels since 2008 global financial crisis. In response, the Treasury rejected claims that higher debt costs had limited chancellor Rachel Reeves's headroom for borrowing and calling such ...