Forex
Eurozone Bond Yields Soar Amid Rising US Rates and Iran Tensions
Eurozone bond yields surged on Thursday, driven by rising U.S. market rates and oil prices amid escalating tensions between the U.S. and Iran.
The most significant impact was observed in longer-dated bond yields, which reflect inflation and growth concerns.
The 30-year U.S. Treasury yield reached a 19-year peak, attributed to the Federal Reserve's decision not to raise interest rates, according to analysts.
Newly appointed Fed Chair Kevin Warsh's silence on upcoming moves added to the uncertainty, with Germany's 30-year bond yield increasing by 5 basis points to 3.678%.