German 10-year Bund yield rises to highest level since 2011
Updated
Updated · The Wall Street Journal · Apr 30
German 10-year Bund yield rises to highest level since 2011
10 articles · Updated · The Wall Street Journal · Apr 30
It hit 3.146% on Thursday, while US 10-year Treasury and UK gilt yields reached one-month highs as Brent crude climbed above $123 before easing to $121.81.
The move came before Bank of England and European Central Bank decisions, with markets pricing three eurozone and UK rate hikes this year amid renewed inflation concerns.
Oil surged on fears of renewed US military action against Iran after talks over the war and reopening the Strait of Hormuz stalled, while the Fed held rates steady.
What long-term damage to Middle East oil supply is being overlooked amid the current crisis?
How will the new Fed leadership navigate soaring inflation and war-driven economic uncertainty?
Will the Hormuz blockade permanently reroute global energy flows and hasten the green transition?