Eurozone government bond yields rose sharply again on Thursday as higher energy prices reinforced expectations of tighter monetary policy, while investors continued to sell debt of heavily indebted countries such as France and Italy, widening their risk premiums, Reuters reported.
The renewed selling came amid a global bond market rout driven by growing expectations of central bank rate hikes and concerns over elevated government debt burdens. Yields have climbed to multi-decade highs across several euro zone markets.
