Economic TimesLean R·
Euro zone bond yields tick higher as oil remains elevated; eyes on ECB
Euro zone government bond yields are rising as oil prices remain elevated. This situation threatens inflation outlook and supports tighter European Central Bank policy. Investors are also watching Britain's gilt market after new Prime Minister Andy Burnham's appointment. Germany's 10-year bond yield reached its highest level in eight weeks. The European Central Bank is expected to hold its deposit rate steady this week.
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