Global bond sell-off piles new pressure on UK borrowing costs before budget
THE SO WHAT
Higher 10-year gilt yields near 19-year highs raise the hurdle rate for every long-duration tech and infra project in the UK—especially data centers and AI buildouts that depend on cheap capital. Recut your UK ROI models and financing plans this week; what penciled out at 3–4% may not clear at today’s rates.
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