Economic TimesLean R·
Global Market: German bond yields hit two-year high as oil surge fuels ECB rate hike bets
German bond yields rose as oil prices increased amid U.S.-Iran tensions. This surge strengthened expectations for the European Central Bank to tighten monetary policy. Money markets now anticipate higher deposit rates by early 2027. Traders have fully priced in a rate hike at the ECB's upcoming September meeting. Italy's 10-year bond yield also increased, widening the spread with German yields.
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