{
  "id": 12857294,
  "title": "UK 10-year borrowing costs rise to 19-year high after oil prices jump",
  "url": "https://urgent.news/2026/10/08/uk-10-year-borrowing-costs-rise-to-19-year-high-after-oil-prices-jump",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T11:30:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/uk-10year-borrowing-costs-rise-to-19year-high-after-oil-prices-jump-4938526"
  },
  "original_language": "en",
  "account": "British long-term borrowing costs soared to a 19-year peak on Thursday as global bond markets experienced a significant sell-off. This surge was primarily driven by a sharp increase in oil prices, which were propelled by attacks on shipping in the Gulf and fears of a hurricane disrupting US oil production. Ten-year gilt yields, which are the benchmark for much of Britain's recent borrowing, rose to their highest level since July 2007 at 5.527%, marking a jump of more than 7 basis points from the previous day. This surge pushed the yields past the earlier peak of 5.51%, set last week. Additionally, the twenty-year and thirty-year gilt yields also hit their highest levels since early 1998, reaching 6.00% and 6.05% respectively, reflecting a similar 7 basis point rise alongside the US Treasuries. The jump in oil prices was particularly pronounced, with Brent crude oil prices surging 5% to $105 a barrel, marking their highest level since September 29.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}