Eurozone government bond prices fell on Friday, putting global debt markets on track for their sharpest weekly selloff since the start of the Iran war, as surging energy prices intensified inflation concerns and increased pressure on central banks to tighten monetary policy, Reuters reported.
The European Central Bank raised interest rates by 25 basis points on Thursday, in line with expectations, while lifting its inflation forecast and lowering its growth outlook. The move underscored growing concerns that higher energy costs could keep price pressures elevated for longer.
