Eurozone Bond Selloff Pushes German 10-Year Yield Above 3.5%
The yield reached 3.575%, its highest level in more than 17 years, while Brent crude returned above $106 a barrel.
Eurozone bond selling intensified Thursday as Germany’s 10-year government bond yield climbed to 3.575%, its highest level in more than 17 years, while rising oil prices reinforced expectations for tighter European Central Bank policy.
The move places fresh pressure on markets already adjusting to higher energy costs and stronger economic data. Brent crude returned above $106 a barrel, adding to concerns that persistent inflation could keep the ECB focused on restrictive monetary policy.
Higher European yields can influence global borrowing costs and investor appetite for risk, creating spillover concerns for crypto markets and other assets sensitive to monetary conditions. The latest move revives attention on the ECB’s policy outlook as markets assess whether stronger growth and energy prices will extend the region’s tightening cycle.
