Tensions Rise Again Between the US and Iran, Eurozone Government Bond Yields Follow US Treasuries Higher
- After reports that the United States launched a new round of strikes against Iran, eurozone government bond yields rose, following an increase in U.S. Treasury yields.
- Danske Bank analysts stated in a report: "Although the United States reiterated that its strikes against Iran are defensive and that it intends to maintain a ceasefire, the market may continue to focus on new developments, and the recent optimism about an impending diplomatic agreement may face the risk of being questioned."
- Eurozone government bonds may be impacted by substantial supply from the Italian government bond auction as well as syndicated bond issuances from Austria and Portugal.
- The yield on the 10-year German government bond rose by 2.7 basis points to 3.009%.
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