REFILE-UK 10-year gilt yields hit their highest since January selloff

LONDON, March 27 (Reuters) - British government borrowing costs rose on Thursday, a day after finance minister Rachel Reeves' budget update and a latest tariff move by U.S. President Donald Trump, with the yield on 10-year gilts hitting its highest since January.

The 10-year British gilt yield GB10YT=RR rose more than 7 basis points on the day to hit a peak of 4.803%, its highest since January 15 when British debt was punished in a global selloff of government bonds.

Yields on U.S. Treasury bonds US10YT=RR also rose by a similar sharp amount on Thursday as global financial markets responded to Trump's announcement of new import tariffs on cars.