UK 30-Year Gilt Yield Hits 6% for First Time in Nearly Three Decades

The yield on 30-year UK government bonds (gilts) surged to 6.02% on October 1, 2026, marking its highest level since 1997 or 1998, according to various financial reports. This represents a 564 basis point increase from the record lows seen in 2020. While rising long-term bond yields typically pressure risk assets, the prices of $BTC and $ETH have remained largely stable, showing no immediate direct impact on the cryptocurrency market.