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The Economic Times

Euro zone bonds snap three-day rally, yields rise with oil

Bonds euro zone Oil Euro US Federal Reserve Inflation the Middle East

Euro zone government bonds snapped a three-day rally on Wednesday, responding to a rise in oil prices as attacks in the Middle East flared up again, while an upcoming U.S. Federal Reserve rates decision also kept bond traders on edge.

The price of the euro zone benchmark, the 10-year German Bund, dropped, sending its ‌yield up 1 ⁠basis ⁠point to 3.12%. The yield had fallen for the past three sessions from its 15-year high of 3.212% reached on July 23.

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