Bund Yields Dip From Highs as Oil Falls and Fed Looms
German bond yields eased from 17-year highs as declining oil prices provided relief to traders. Markets awaited the Federal Reserve policy decision and guidance on further tightening.
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Germany benchmark Bund yields fell 3 basis points to 3.504% on Wednesday afternoon as a drop in oil prices eased market pressure. The decline followed a peak of 3.5723% on Tuesday, which marked the highest level since June 2009.
