Eurozone Bond Yields Hold Near Multi-Year Highs Ahead of ECB Meeting

The Eurozone bond yields have been holding near multi-year highs as investors weigh various factors ahead of the European Central Bank's policy meeting on Thursday. Germany's 10-year government bond yield, considered a benchmark for the euro zone, was little changed in early trading at around 3.38%, remaining close to last week's 15-year high.

The ECB's decision is expected to raise interest rates, but investors are focused on whether policymakers will provide clues about the future path of monetary policy. Rising energy prices and renewed volatility in Japan are also contributing to market uncertainty.

Germany's far-right Alternative for Germany (AfD) secured a historic victory in a state election over the weekend, raising fresh questions about the country's political landscape and its potential implications for Europe's largest economy.