Germany 10-Year Bund Yield Holds Near 3.25% as Eurozone Inflation Hits 2.9%
Updated
Updated · TradingView · Aug 20
Germany 10-Year Bund Yield Holds Near 3.25% as Eurozone Inflation Hits 2.9%
3 articles · Updated · TradingView · Aug 20
Summary
Germany’s 10-year Bund yield stayed near 3.25%, holding around its highest level since March 2011 as investors priced in stickier inflation and higher borrowing needs.
Eurozone inflation accelerated to 2.9% in July, well above the ECB’s 2% target, reinforcing expectations that policymakers may have to keep monetary policy tighter for longer.
Oil traded near three-week highs and European natural gas rose to its highest since January 2023, with Middle East-linked supply disruptions adding to fears that energy costs will keep price pressures elevated.
US Treasury yields also climbed as support from the Treasury’s expanded buyback programme faded, extending a broader global bond selloff that has pushed European sovereign yields to multi-year highs.