Euro zone government bond prices fell on Friday, with the global bond market on track for its worst weekly performance since the outbreak of the Iran war, according to ChainCatcher. The move came as surging energy prices pushed central banks to act more quickly against inflation. The European Central Bank raised interest rates by 25 basis points and revised its inflation and growth projections. Germany’s two-year government bond yield climbed to 3.208%, its highest level since October 2023. The latest moves point to mounting pressure across sovereign debt markets as investors respond to tighter policy expectations and changing macro forecasts.
Euro zone government bond prices fell on Friday, and the global bond market is set for its worst weekly showing since the outbreak of the Iran war, according to ChainCatcher.
The report said surging energy prices are forcing central banks to move quickly to fight inflation. The European Central Bank raised rates by 25 basis points and revised its inflation and growth forecasts. Germany’s two-year government bond yield rose to 3.208%, the highest level since October 2023.
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