Eurozone government bond yields moved higher on Monday, following similar increases in U.S. Treasury and Japanese government bond yields, data from Tradeweb showed.
The 10-year German Bund yield increased by 1.2 basis points to reach 2.544%, while the 10-year U.S. Treasury yield rose by 1 basis point to trade at 4.433%.
Japanese government bonds underperformed compared to their eurozone and U.S. counterparts, with the 10-year JGB yield climbing 4.6 basis points to 1.447%.
According to Commerzbank (ETR:CBKG) Research’s Rainer Gunterman, "Bunds and Treasuries remain torn between inflation jitters and risk-off as Middle East tensions intensify, and will probably continue to lack a clear direction."
The synchronized movement in global bond yields reflects ongoing market uncertainty amid inflation concerns and geopolitical tensions.
