Eurozone Bond Yields Rise but Stay Below Monday's Peaks
Dow Jones
Sep 15
0716 GMT - Eurozone government bond yields rise slightly but for now remain below Monday's multiyear highs. Selling pressure in global bond markets continues due to persistently high oil prices. These increase inflation concerns and prompt speculation that central banks around the globe will need to raise interest rates. The Federal Reserve is now widely expected to hike rates on Wednesday, following on from the European Central Bank's 25-basis-point rate increase last week. "Bond markets are struggling to gain traction at key levels," with 10-year Bund yields hitting new highs above 3.5%, Commerzbank's Christoph Rieger says in a note. The 10-year Bund yield rises 0.9 basis points to 3.545%, staying below Monday's 15-year high of 3.554%.
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