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Eurozone bond yields near peak levels
Eurozone bond yields hover near multi-year highs, with the 10-year German bond yield holding at 3.38%, close to its highest in 15 years, amid expectations that the European Central Bank will raise interest rates this week. This comes alongside rising energy prices and increased political uncertainty in Germany following the victory of a right-wing party in local elections, adding pressure to the markets ahead of the ECB meeting. French and Italian bond yields also reached elevated levels, amidst concerns over the impact of political tensions and energy prices on the economy.
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