off-the-wire

Euro zone yields jump after data, expected depo rate peak at 3.975%

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 28 (Reuters) - Euro zone government bond yields rose to their highest in over a decade on Tuesday after inflation data from France and Spain boosted expectations of further rate hikes. The 12-month inflation rate in France rose to 7.2% in February from 7.0% in January.


Spain's consumer prices rose 6.1% year-on-year in February, above the 5.9% during the 12 months to January and above the 5.7% expected by analysts polled by Reuters.


Germany's 10-year government bond yield , the bloc's benchmark, rose to its highest since July 2011 and was last at 2.662%, up 5.5 bps. December 2023 ECB euro short-term rate forwards rose to 3.875%, implying a depo rate at 3.975% by year-end, from 3.775% on Thursday last week. (Reporting by Stefano Rebaudo; Editing by Amanda Cooper)

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