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Euro zone yields near multi-year highs as traders price ECB hikes

Euro zone government bond yields hovered near multi-year highs ahead of the ECB meeting, with traders pricing two rate hikes in 2026 and a 3% deposit rate by late 2027.

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Euro zone government bond yields hovered near multi-year highs on Wednesday ahead of the European Central Bank meeting, with traders pricing in two rate hikes in 2026 and a deposit rate of 3% by late 2027. The ECB is widely expected to tighten policy while reiterating a data-dependent stance as the…