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Euro zone yields reach fresh multi-year highs after hot inflation data

Euro zone government bond yields nudged to fresh multi-year highs amid a global bond selloff. Hot inflation data cemented bets on a European Central Bank interest-rate increase this month.

IT10Y

By Alun JohnEuro zone government bond yields nudged up to fresh multi-year highs on Tuesday as Europe joined a global bond selloff and after inflation data was hot enough to cement bets on a European Central Bank increase to interest rates this month.Germany's 10-year yield, the benchmark for the e…