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The Economic Times
The Economic Times

Euro zone bond yields rise as oil climbs on Hormuz doubts

Oil Donald Trump euro zone Hormuz European Central Bank Iran Strait the Strait of Hormuz Inflation United States

Euro zone bond yields ticked up on Tuesday as ​oil prices rose after ​U.S. President Donald Trump demanded Iran pay its own ​compensation to the U.S., further dimming the prospect of an imminent deal to reopen the Strait of Hormuz.

Germany's 10-year bond yield rose 2 basis points to 3.198%, after ‌climbing 5 ⁠bps on ⁠Monday on the back of rising oil prices. Yields rise as prices fall ​and vice versa.

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