By Yoruk Bahceli and Junko Fujita

London/Tokyo (Reuters) – The long -term borrowing costs of States continued on Wednesday to be stretched, reaching records in Japan and new multi -year summits in Great Britain and Germany against the backdrop of budgetary worries around the world.

The yield of the British Gilt at 30 years old has received a new peak in session since 1998, at 5.752% in session, accentuating the fears of Tuesday which had also resulted in a fall of more than 1.5% of the pound sterling.

The yield of American treasury bills at 30 years has crossed the very monitored threshold of 5%, a first since mid-July, while in Germany, that of the Bund, considered to be the reference in the euro zone, has been at the highest level since 2011, at 3.434%.

In Asia, the yield of Japanese bonds at 30 years old jumped in the morning of 8 base points, at the record level of 3.28%, while the one at 20 years has reached its highest level since 1999.

“The current dynamics are additional proof that the appetite of investors for ultra-long paper has clearly decreased, not only on the part of private investors but also institutional actors who generally provide a more stable demand base for this segment,” comments Dario Messi, study manager in the bonds at Julius Baer.

The long -term state obligations are under pressure due to the evolution of the political and economic situation of certain countries with in particular debt levels that worry investors.

In Great Britain, the reworking Monday of the team of advisers from Prime Minister Keir Starmer has rejected the budgetary challenges, with regard to high borrowing and weak growth in the country.

British Finance Minister Rachel Reeves will present her annual budget on November 26, announced this ministry on Wednesday, while the country is in the viewfinder of the financial markets which scrutinize its ability to keep its finances under control.

Rachel Reeves and Keir Starmer face requests for increased public spending, which are already tense, in a context of low economic growth and pre -electoral promises not to increase the rates of the main taxes.

In France, investors are on the defensive after the decision of the Prime Minister, François Bayrou, to request a vote of trust on September 8 on the background of an impasse as to the vote of the budget. His government will probably be overthrown next week with regard to the latest statements of opposition.

In Japan, a close collaborator of the Prime Minister, Shigeru Ishiba, announced his intention to resign from his post, which feeds speculations on a possible resignation from the head of government himself.

(Report Yoruk Bahceli, Junko Fujita and Rae Wee; with the contribution of David Milliken and Sarah Young in London; Claude Chendjou; edited by Augustin Turpin)

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