Eurozone Bond Yields Rise with Global Peers; 10-Year Bund Yield Hits New 15-Year High
Dow Jones14:52
0652 GMT - Eurozone bond yields rise in line with global bonds, as oil price and inflation worries dent market sentiment, pushing the 10-year German Bund yield to another 15-year high. "The 'highest since' narrative on global bond markets yesterday simply continued," KBC Bank analysts say in a note. "This time it was again mostly a further rise in energy prices due to a new intensification of the Iran conflict that served as the 'explanation' for the daily price action," they say. However, other factors, such as fiscal risk premia, abundant supply on bond markets, still play in the background, they say. The 10-year Bund yield rises to 3.381%, the highest level since 2011, according to LSEG data.
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