UK borrowing costs ease as bond market calms

UK borrowing costs ease as bond market calms after reaching their highest level since 1998 earlier in the week. Bank of England's governor, Andrew Bailey, emphasized not to overly focus on longer-term bond yields amidst global concerns. The interest rate on 30-year UK government bonds dropped to 5.57% from a recent high, influenced by falling US borrowing costs and economic data. Analysts link the decline in long-term bond yields to various factors such as geopolitical tensions, Trump's trade policies, and government borrowing levels impacting global financial markets.