The selloff in euro zone government bonds, which pushed yields to their highest in more than a decade, paused on Wednesday as the all-important U.S. Treasury market stabilised, although a rise in oil prices meant the relief was limited.
Germany's 10-year yield, the benchmark for the euro zone which hit a 15-year high on Tuesday as investors fretted about rising energy prices and government borrowing, fell 1 basis point (bp) to 3.247%.
