Increasing financial concerns in Europe face a triple threat of stock, bond, and currency losses.

On Tuesday, the long-term bond yields of the UK and France reached their highest levels in over a decade as investors' concerns about the fiscal situations of various countries around the world intensified, and the price of gold hit a historical high. At the same time, the pound and euro both fell against the US dollar, and European stock markets also declined. The yield on UK 30-year government bonds rose by nearly 6 basis points to 5.697%, the highest level since 1998, and the yield on French 30-year government bonds also rose by a similar amount to 4.513%, the highest level since 2009. Bond yields move inversely to prices, and the surge in yields of ultra-long-term 30-year bonds globally indicates investors' worries about the debt levels of countries from Japan to the US. But the UK and France are particularly focused on. French Prime Minister Francois Beru is likely to face a confidence vote next week as the opposition parties oppose the government's spending cuts. And UK Chancellor Rachel Reeves is expected to raise taxes in the autumn budget to achieve its fiscal goals. The pound also plummeted, with the pound-to-dollar exchange rate falling by over 1% to 1.3402, and the pound-to-euro rate also dropping to its lowest point in nearly a month. Neil Wilson, investment strategist at Sun Banking, said, "The yield on 30-year government bonds has reached its highest level in nearly thirty years, which is not a good sign for the UK Labour government, and it indicates that its fiscal and economic credibility is almost gone." He added, "But this is not just a problem facing the UK alone...what needs to be considered is that global long-term bonds are in trouble because no one wants to take on term risk, which has driven gold prices to record highs." On Tuesday morning, the price of gold rose to $3,508.5 per ounce, hitting a historical high, and silver prices also rose to the highest level in 14 years. Investors have been selling off pounds, yen, and euros. The dollar rose by 0.86% against the yen, reaching 148.47. Prior to this, Shinzo Abe's close ally and Secretary-General of the Liberal Democratic Party, Hiroshi Moriyama, expressed his intention to resign, taking responsibility for the party's loss in the July 20th House of Councillors elections. Stock markets were also affected, with the European Stoxx 600 index falling by 0.6%, and interest-rate-sensitive real estate stocks dropping by nearly 2%. US stock index futures fell by 0.5%. Due to escalating tensions between Russia and Ukraine and concerns about supply disruptions, oil prices rose on Tuesday. Brent crude oil prices rose by 1.5% to $69.17 per barrel.