Rachel Reeves is facing her first major test as Britain's finance minister after the government's borrowing costs jumped sharply this week and the pound tumbled, potentially forcing her to cut future spending.

Markets see just one rate cut coming in 2025 amid strong economic data and the potential for Trump's economic plans to stoke inflation.

The selloffs that keep flaring in the world’s bond markets are pushing yields toward key thresholds amid escalating worries about elevated inflation, tempestuous politics and swelling government debts.

Dreyfuss LONDON/NEW YORK (Reuters) - A sharp selloff in some of the world's biggest government bond markets and a continued rise in the dollar sent shockwaves through financial markets, with the pain seen deepening as uncertainty grows over U.

UK 10-year borrowing costs climbed further on Thursday as a bond market sell-off deepened, hitting the pound and threatening to derail the Labour government’s fiscal plans. The 10-year gilt yield climbed 0.