Euro zone government bond yields remained close to their highest levels in more than 15 years on Monday as the prospect of a prolonged conflict in the Middle East heightened concerns that energy-driven inflation could prove more persistent, Reuters reported.
Germany’s benchmark 10-year Bund yield was steady at 3.20%, after reaching 3.2118% in late July, its highest level since May 2011. The two-year German yield, which is more sensitive to expectations for monetary policy, was also broadly unchanged at 2.79%.
