Euro zone and US bond yields recorded their largest monthly increase since March as Middle East conflict concerns renewed inflation fears. Traders pushed back interest rate cut expectations, with Germanys 10-year yield rising 28 basis points in July and US 10-year Treasury yields advancing 22.5 basis points despite a Friday dip.

European bond markets have largely tracked developments in the Gulf conflict since hostilities began in late February, with movements in energy prices playing a key role in…

As oil prices surged on Wednesday, Euro zone government bonds experienced a decline. Heightened hostilities in the Middle East were a major factor driving Brent crude upward.…