Eurozone borrowing costs climbed to their highest level in 17 years on Tuesday as elevated oil prices and a sharp rise in U.S. Treasury yields intensified concerns over inflation and the outlook for interest rates, Reuters reported.
Germany's 10-year bond yield, the benchmark for the euro zone, rose 2 basis points to 3.547%, just below Monday's peak of 3.554%, its highest level since mid-2009. Bond prices and yields move in opposite directions.
