Selloff in euro zone bonds pauses but oil prices keep up pressure

Government bond yields across the euro zone halted their upward trend on Wednesday, with the U.S. Treasury market finding stability and contributing positively to global sentiment. However, the ongoing surge in oil prices maintained upward pressure on markets. Concerns about inflation and borrowing led to notable selling in longer-dated bonds, with France's 30-year yield experiencing a remarkable increase, especially during the budget season and electoral period.