Borrowing costs spike as Middle East conflict rages

The cost of UK government borrowing spiked on Tuesday morning, while the pound plummeted as markets continued to digest the impacts of the intensifying conflict in the Middle East.  The yield on the 10-year Gilt jumped 0.15 percentage points to 4.46 per cent while 2-year Gilt yields, which closely track interest rate expectations, spiked 0.16 [...]