(Reuters) – Eurozone yields hit fresh multi-year highs on Wednesday, and Germany’s real yield rose above zero for the first time since 2015, amid expectations of tighter monetary policy and fears that a possible increase in public spending could increase the bond supply.
The German 10-year government bond yield, the benchmark for the bloc, rose 5 basis points at 2.3% after hitting an 11-year high of 2.309%.
The German 10-year inflation-linked yield rose 5 basis points at 0.01%, its highest level in June 2015.
โThe ECBโs communications look increasingly like those of the Fed,โ ING analysts said in a press release. โOfficials now acknowledge the possibility of a recession, and that it will not be enough to lower inflation on its own or deter the ECB from its tightening mission.โ “. Note to customers.
