Euro Zone Yields Rise, France/Italy Spreads Hit Multi-Year Highs
Euro zone government bond yields were mixed on Thursday, with France and Italy's spreads reaching fresh multi-year highs. This follows the largest quarterly rise in yields since 2022, amid ongoing energy shock concerns and expectations of at least three European Central Bank rate hikes by late 2027.
Euro zone government bond yields were mixed on Thursday after posting their biggest quarterly rise since 2022, as a deepening energy shock continued to support bets on at least three European Central Bank rate hikes by late 2027. France’s bond yields reached a fresh 18-year high after the move earlier in the session.