U.K. borrowing costs ticked higher on Tuesday, after an auction of 30-year Treasury gilts brought yields on the long-term bonds hit their highest level in almost three decades.
By 2:02 p.m. London time, the yield on the 30-year Gilt — a U.K. government bond — climbed 3 basis points to 5.212% — its highest level since the late 1990s.
