Eurozone government bond yields remained elevated ahead of the European Central Bank’s policy decision, with analysts expecting the central bank to raise rates by 25 basis points. Germany’s 10-year government bond yield rose to 3.44% after earlier touching 3.4514%, its highest level since 2011. Markets are also pricing the ECB deposit rate at 2.74% by December, above the current 2.25%. The moves reflect firm expectations for additional policy tightening before year-end.
Eurozone government bond yields held at elevated levels ahead of the European Central Bank’s policy decision, with analysts expecting the ECB to deliver a 25-basis-point rate increase.
Germany’s 10-year government bond yield rose to 3.44% after earlier touching 3.4514%, the highest level since 2011.
Markets expect the ECB deposit rate to reach 2.74% by December, above the current 2.25%.
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