Euro Zone Bond Yields Slip From Multi-Year Highs
Euro zone government bond yields retreated from multi-year highs on Wednesday following a U.S. Treasury announcement of extra liquidity support. The initial spike was driven by inflation worries and rising oil prices.
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Euro zone bond yields retreated from multi-year highs on Wednesday after the United States Treasury announced expanded liquidity support for longer-dated debt. The intervention halted a sharp two-day selloff across European debt markets. Sovereign borrowing costs had surged earlier as inflation concerns and heavy government issuance gripped investors.
