The selloff in eurozone government bonds eased on Wednesday as a stabilisation in the U.S. Treasury market offered some relief to investors, although elevated oil prices continued to fuel concerns about inflation and government borrowing, Reuters reported.
Germany's 10-year government bond yield, the benchmark for the euro zone, fell 1 basis point to 3.247%. It had climbed to a 15-year high on Tuesday as investors grew increasingly concerned about rising energy costs and increased government borrowing.
