# UK 20-Year Gilt Yield Hits 6% for First Time Since 1998

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27953
Published: 2026-10-08T10:44:50.000Z
Updated: 2026-10-08T10:44:50.000Z
Section: Investing

> The yield rose 7 basis points during the day, reaching a level last seen in March 1998.

The UK’s 20-year government bond yield climbed to 6% on Oct. 8, reaching a level not seen since March 1998 as pressure intensified across global rates markets.

The yield rose 7 basis points during the day. The move puts long-term UK borrowing costs at a level that matters beyond the gilt market, as shifts in sovereign yields can influence liquidity and risk appetite across financial markets, including crypto.

The 6% threshold marks the first time the benchmark has reached that level since March 1998.