Eurozone government bond yields edged lower on Wednesday, retreating from multi-year highs reached earlier in the week as investors became more cautious about expectations for further central bank interest-rate increases, according to Reuters.
The retreat offered some relief after a bruising September for bond markets, with rising energy prices and concerns about inflation pushing yields sharply higher. Investors have increasingly positioned for interest rates to remain elevated for longer as higher energy costs threaten to keep inflation pressures alive.
