The UK government's 10-year financing costs rose by over 9 basis points, causing concerns about budget constraints affecting bond issuance, leading to decreased interest from investors.

At the end of the European session on Thursday, the yield on the 10-year British government bond rose by 9.2 basis points, hitting a daily high of 4.761%. It remained in an upward trend throughout the day, breaking through the stagnant trading near 4.680% earlier in the day after 18:00 Beijing time, and continued to accelerate upward. The yield on the 2-year British bond rose by 6.9 basis points, reaching a daily high of 4.023%, also showing significant and sustained growth after 18:00. The yield on the 30-year British bond rose by 8.4 basis points, reaching a daily high of 5.570%; while the yield on the 50-year British bond rose by 7.9 basis points, reaching a daily high of 4.932%. The 2/10-year British bond yield spread increased by 2.228 basis points, reaching +73.586 basis points.