Gilt Yields, Eurozone Bond Yields Climb as Oil Prices Rise
Dow Jones08-10 22:37
1437 GMT - Yields on U.K. and eurozone government bonds rise as oil prices advance due to lack of progress in U.S.-Iran peace talks. The lack of a resolution to the Middle East conflict is pushing up oil prices, Charles Schwab strategist Joe Mazzola says in a note. Investors are concerned about the risk of prolonged oil supply disruptions which could push inflation higher. The price of Brent crude rises 2.6% to $85.72. Ten-year gilt yields rise more than 6 basis points to a 6-day high of 4.988%, LSEG data show. The ten-year Bund yield rises 4.2 bps to 3.173%.
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