FTSE 100

Key insight

6% gilt yields break a near-30-year barrier; until yields retreat, FTSE's 10,500 support faces sustained pressure — financials and real-estate stocks most exposed to the carry shock.

Falls to 3-month low at 10,508 as 30-year gilt yield spikes to 6.03% — highest since Jan 1998 — crushing rate-sensitive sectors and triggering broad Q4 de-risking.

Main risk

30-Year Gilt Yield at 6.03%

Yield at highest since Jan 1998; each further 10bps rise tightens discount rates for UK equities, putting 10,450 and then 10,300 in play.