NewzEuropean stock markets experienced a broad decline as bond yields surged to multi-year highs. Major indices saw significant losses, with London falling 1.7%, Paris 1.5%, and Milan 1.3%. The downturn followed a sharp rise in government bond yields, reflecting investor concerns across the continent.
The volatility was underscored by developments in the United Kingdom, where yields on 30-year government bonds reached 6%. This level marks the highest point for long-term UK borrowing costs since 1998, mirroring a broader trend that saw US Treasury bonds hit their highest yields since 2002.
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