UK government bond yields have continued to rise, with the 10-year yield climbing approximately 15 basis points to 4.613%, marking the highest level since June 11, 2025. The 30-year yield has surged by 20 basis points to 5.43%. This increase in yields reflects a broader trend of rising long-term borrowing costs in the United Kingdom. Meanwhile, in the United States, the 10-year Treasury yield has risen above 4.4%, indicating a shift in market expectations amid all-time high equity markets. Investors are pricing in a 'higher-for-longer' interest rate environment despite forecasts of two Federal Reserve rate cuts this year, noting that the Fed controls only short-term rates. The rise in long-term yields is putting pressure on long-duration assets such as growth stocks, real estate investment trusts, and venture capital/private equity investments.