Bearish
FTSE 100 falls to three-month low as surging yields dampen risk appetite
The FTSE 100 declined to a three-month low, closing at 10,428.7 points, as rising global bond yields heightened inflation concerns and reduced investor risk appetite. The 30-year UK gilt yield surged to 5.9352%, its highest since early 1998, while the 10-year gilt yield reached 5.4033%, the highest since 2007. Financial stocks were particularly affected, with banks like HSBC, Barclays, and NatWest Group experiencing significant declines.
Key points
- FTSE 100 drops to three-month low amid rising global bond yields
- UK 30-year gilt yield hits 5.9352%, highest since early 1998
- Major banks like HSBC and Barclays see significant stock declines
Sources
AI-generated from public news sources. Not financial advice.
