UK financial "black hole" scares the market! 30-year government bonds were brutally sold off, and the pound experienced its largest single-day drop since June 17th.

According to the Citadel Financial APP, as investors' concerns about the sustainability of the UK public finances have intensified, on Tuesday, the yield on the 30-year UK government bonds rose to the highest level since 1998, with the pound falling by over 1%, marking the largest single-day decline since June 17. Data shows that the yield on the 30-year UK government bonds rose by 5 basis points on Tuesday, reaching a high of 5.69%, the highest level since May 1998. At the same time, the pound fell by 1.2% against the US dollar to 1.33; the pound also fell by 0.7% against the euro to 1 euro to 86.98 pence.