'A first inflation wave is in full swing,' one analyst warned
German government borrowing costs have climbed to their highest levels in 15 years as the energy shock triggered by the US-Iran war fuels inflation fears in the eurozone’s largest economy.
Germany’s 10-year Bund yields, the euro area benchmark, rose to 3.19% on Tuesday, while yields on 30-year German government debt hit 3.70% – the highest levels since 2011.
The surge in borrowing costs came as part of a global bond selloff that had softened only slightly on Wednesday morning.
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