U.S. 30-year Treasury yield jumps to 5.12%, highest since pre-2008 crisis surge; UK 30-year gilt hits highest since 1999

The yield on the U.S. 30-year Treasury surged to 5.12%, its highest level since the climb ahead of the 2008 Global Financial Crisis. In the U.K., the 30-year gilt yield rose to its highest level since 1999.