US long-term borrowing costs rise to 25-year high, as inflation fears hit bond sale – business live

Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001

Shares in software firms are rallying this morning, following a report that human-resources and financial management software company Workday could be taken over.

Sage Group (+4.5%), Experian (+4.4%) and Relx (+3.1%) are all among the top risers on the FTSE 100 share index this morning.