German 10-Year Bund Yield Rises to Highest Level Since 2011
Dow Jones
Yesterday
0702 GMT - Eurozone bond yields rise in opening trade, with the 10-year German Bund yield rising to 3.339%, its highest since 2011, according to LSEG data. The rise matches moves in U.S. and Japanese bond yields, with their respective 10-year yields reaching significant highs as well on the back of rate-hike prospects. "The bond sell-off deepens...with oil prices under renewed upward pressure while two full European Central Bank [rate] hikes are priced in by February," Commerzbank's Christoph Rieger says in a note. Eurozone flash estimate inflation data for August at 0900 GMT could indicate that high energy prices are starting to feed through into food and goods prices, he says.
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