Euro zone government bonds ended a three-day rally on Wednesday as rising oil prices amid renewed tensions in the Middle East pushed yields higher, while investors remained cautious ahead of the US Federal Reserve’s interest rate decision, Reuters reported.
According to Reuters, the benchmark 10-year German Bond saw its price decline, lifting its yield by 1 basis point to 3.12%. The yield had eased for three consecutive sessions after hitting a 15-year high of 3.212% on July 23.
