Global bond sell-off intensifies, as UK long-term borrowing costs pass 6%

Fears that US borrowing costs are unsustainable drive Britain’s 30-year bond yield to level not seen since 1998Business live – latest updatesThe turmoil in global bond markets intensified on Thursday amid fears that the US deficit is reaching unsustainable levels, helping drive UK long-term borrowing costs to a 28-year high.The threat of a renewed round of inflation from the persistently high cost of oil has spooked investors, who believe central banks will be forced to raise rates in the coming