German government bond yields were on track for a fourth consecutive weekly rise on Friday, their biggest weekly increase since mid-July, as investors bet that central banks would keep monetary policy restrictive to contain persistent inflation pressures in a resilient economy, Reuters reported.
According to Reuters, Germany’s 10-year government bond yield rose 0.5 basis points to 3.36% and was on course for a weekly increase of 7.5 basis points. The two-year German bond yield climbed 1 basis point to 2.96%, putting it on track for a 7-basis-point weekly rise, its steepest since mid-July.
