Bund yields ease from 17-year highs as oil drops
Euro zone benchmark Bund yields fell slightly after oil prices dropped, pausing bets on additional ECB rate increases, ahead of the later Fed policy decision.
Euro zone benchmark Bund yields eased slightly from 17-year highs on Wednesday as lower oil prices prompted traders to pause after boosting bets on further European Central Bank rate hikes. Markets were also waiting for the Federal Reserve policy meeting decision later in the session.