Tuesday, 21 July 2026 · World
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EUROS The World Financial Report
Nº 10 Tuesday, 21 July 2026 · World Edition
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Global Market: German bond yields hit two-year high as oil surge fuels ECB rate hike bets

Markets-Economic Times · 18h ago · 🇮🇳 India
Global Market: German bond yields hit two-year high as oil surge fuels ECB rate hike bets

German bond yields rose as oil prices increased amid U.S.-Iran tensions. This surge strengthened expectations for the European Central Bank to tighten monetary policy. Money markets now anticipate higher deposit rates by early 2027. Traders have fully priced in a rate hike at the ECB's upcoming September meeting. Italy's 10-year bond yield also increased, widening the spread with German yields.

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