Market news today - Budget countdown begins
Sep 28, 2026 · 5 min · 5 segments
This week in markets: all eyes on the UK chancellor as the cost of government borrowing continues to rise. Fidelity’s Jemma Slingo reviews the stories moving markets. See…
Sep 28, 2026 · 5 min · 5 segments
This week in markets: all eyes on the UK chancellor as the cost of government borrowing continues to rise. Fidelity’s Jemma Slingo reviews the stories moving markets. See…
Jemma SlingoGuest
US borrowing costs hit their highest level since the financial crisis last week.
The 10-year treasury yield, which helps set the cost of borrowing around the globe, hit 5.2% for the first time in almost two decades, and 30-year yields rose above 5.5%.
Yields rise when bond prices fall, so these moves reflect a nasty sell-off in the market.
Over the weekend, President Trump rejected a proposal from Iran to reopen the Strait of Hormuz, which has pushed the oil price higher.
This, in turn, has stoked fears about inflation and higher interest rates, which could put even more pressure on bond prices.
US borrowing costs hit their highest level since the financial crisis last week.
The 10-year treasury yield, which helps set the cost of borrowing around the globe, hit 5.2% for the first time in almost two decades, and 30-year yields rose above 5.5%.
Yields rise when bond prices fall, so these moves reflect a nasty sell-off in the market.
Over the weekend, President Trump rejected a proposal from Iran to reopen the Strait of Hormuz, which has pushed the oil price higher.
This, in turn, has stoked fears about inflation and higher interest rates, which could put even more pressure on bond prices.
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