Eurozone Bond Yields Climb as Middle East Conflict Continues
Dow Jones
Aug 11
0701 GMT - The yields on eurozone government bonds are higher due to inflation concerns, as prospects of a near-term resolution to the U.S.-Iran war fade. The U.S. has decided to put economic pressure on Iran through financial sanctions and a blockade of Iranian ports in an attempt to force Iran to reach a deal with the U.S. The lack of progress in the U.S.-Iran negotiations is causing inflation fears and pushing up sovereign bond yields. Ten-year Bund yields climb 2.3 bps to 3.198%, Tradeweb data show. Ten-year French government bond yields rise 3.4 bps to 4.009%.
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