The UK bond market is facing heightened volatility as 30-year gilt yields have surged to their highest levels since 1998, driven by investor concerns over rising interest rates due to persistent inflation, political uncertainties, and the economic repercussions of the ongoing conflict in the Middle East, all of which may lead to increased borrowing costs and a potential "stealth tax" on consumers. #UKDebt #BondMarket #InterestRates #GB #IR
