German Yields Climb to Highest Since 2015 Amid Hawkish ECB Bets

2022.04.11 17:30

German Yields Climb to Highest Since 2015 Amid Hawkish ECB Bets

(Bloomberg) — German bond yields surged to the highest in almost seven years, marking a sharp turnaround from negative levels last month. 

The rate on 10-year German bonds surged 11 basis points to 0.82%, the highest since September 2015. The securities have been at the forefront of a global bond selloff driven by surging inflation, with even the traditionally dovish European Central Bank contemplating rate hikes. 

Money markets are pricing two-quarter point ECB rate hikes by October, and they are two basis points away from wagering on a third such increase by December.

©2022 Bloomberg L.P.

Source