UK 20- and 30-year gilt yields hits highest since July 1998 The UK’s long-term cost of borrowing has hit its highest level since early in Tony Blair’s first term as prime minister, as speculation swirls over Keir Starmer’s future. Reuters are reporting that the yield (or interest rate) on both 20 and 30-year bonds is the highest since 1998, rising over the highs seen early this month. Here’s the details: UK 20-YEAR GILT YIELD RISES TO HIGHEST LEVEL SINCE JULY 1998 AT 5.734%, UP 12 BPS ON DAY - LSEG DATA UK 30-YEAR GILT YIELD RISES TO HIGHEST SINCE MAY 1998 AT 5.794%, UP 11 BPS ON DAY - LSEG DATA Key events 18m ago EY: Global energy supply disruption to slow UK GDP growth 1h ago Labour must offer more than ‘better managed decline’ on economy, MPs urge 2h ago 30-year bond yield now over 5.8%, as Starmer says he's not resigning 2h ago XTB: Risk of UK bond market meltdown 3h ago IG: UK fiscal crisis looms as yields surge 3h ago Strategist: Risk of UK bond 'blowout' if there's a political dogfight 3h ago UK 20-…