Lates News

The yield on Eurozone government bonds rose at the opening on Wednesday following the trend in US Treasury yields. The increase in yields was mainly driven by rising oil prices, but US inflation data released on Tuesday below market expectations prompted US and European 10-year bond yields to pull back from the eight-week high touched earlier. Analysts at BNP Paribas believe this reflects comments made by Fed Chairman Powell (who reiterated his commitment to price stability in his testimony to Congress) and the high oil prices resulting from the military strikes in the Middle East. According to Tradeweb data, the yield on 10-year German government bonds rose by 3.3 basis points to 3.105%.