The borrowing costs went up after the prime minister made another U-turn.
The pound lost ground after initially holding onto it.
Liz Truss said a rise in corporation tax would go ahead after she removed her chancellor.
The latest developments may not be enough to restore the UK's credibility according to some economists.
Paul Dales said that it was unlikely that the removal of Kwarteng as chancellor and the cancellation of the rise in corporation tax would be enough to regain the full confidence of the financial markets.
Despite the U-turn on the 45p tax cut, there are still unfunded tax cuts of about £25 billion left over from the mini-budget.
The cost of government borrowing went up after the announcement.
The yield on bonds due to be repaid in 30 years' time increased to 4%.
After the mini-budget, Mr Kwarteng set out one of the biggest tax cuts packages seen in decades but did not explain how they would be funded
The yield on bonds due to be repaid in five years' time jumped to 4%.
The pound fell by more than 1% to just under $1.12 on Friday before recovering some of its losses.
The government's mini-budget went "faster and further" than expected, according to the prime minister.
She said that they need to act now to assure the markets.
Mr Kwarteng will be succeeded by Jeremy Hunt. He will be the UK's fourth chancellor this year and will face a lot of challenges with prices and interest rates going up.
The events seen in the UK over the last few weeks were "unthinkable" according to the leading economist.
There are scars He said that the recent market turmoil has hit people who are looking to buy a house.
He said that Mr Hunt needed to cover more of the unfunded tax cuts that were introduced.
Markets were "dizzy" over the series of policy reversals.
She said that markets seemed unconvinced that the announcement was enough to restore confidence in the UK government.
The government decided to scrap the top rate of income tax for people earning more than a million pounds. The tax rate would have cost more if it had been reduced.
The increase in corporation tax should bring in an estimated £18 billion a year to the government.
The prime minister said that spending will grow slower than previously planned.
On October 31st, the incoming chancellor will deliver the government's economic plan, which will set out how the remaining tax cuts will be funded and how debts will be reduced.
The Bank of England's emergency bond-buying scheme will come to an end on Friday.
A form of debt that is paid back plus interest is called bonds and is used by the government to raise funds.
Pensions invest in bonds because they give a low but reliable return over time.
The mini-budget forced pension funds to sell bonds, which resulted in a sharp fall in their value and left some funds close to collapse.
The Bank of England made an emergency purchase of government bonds.
The Bank is said to be extending the scheme past Friday.
The governor of the Bank told pension funds that they had three days left to sort it out.
It's not clear whether pension funds have done enough to strengthen their finances according to a global bonds fund manager.
She said that the risk is that we don't know how pension funds have used this window of time and whether they have used it effectively by raising cash and doing everything they need to.
The true test of the market will be this afternoon and Monday morning.
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