Post-Trump global bond rout to increase UK borrowing costs

Yields on UK government gilts have hit their highest level since before the Brexit vote

Trump Markets
(Image credit: Spencer Platt/Getty Images)

Donald Trump's stunning victory in the US presidential election has prompted "a wave of selling that has swept across government-bond markets", says the Wall Street Journal.

Since the result was announced last Wednesday more than $1.2trn (£960bn) worth of bonds have been offloaded by investors, says Bloomberg. Analysts reckon the "rout" could continue over the coming weeks.

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