European Bond Yields Surge Amid Inflation Fears

Belgian and European bond yields have reached their highest levels in years due to rising inflation concerns. The ten-year Belgian government bond yield has increased, making borrowing more expensive for the public purse.

The war in the Middle East has driven up oil prices, causing investors to fear an inflation spike and a strong response from central banks.

The European statistical office, Eurostat, reported that eurozone inflation rose to 3.3 percent in August, exceeding the European Central Bank's target of around 2 percent.