Eurozone government bond yields hit multi-year highs

Affected by the global bond market sell-off, Eurozone government bond yields continued to climb on September 1 local time. Germany's 10-year government bond yield rose to 3.36%, hitting a 15-year high; the 30-year yield reached 3.845%, the highest since 2011; France's 10-year government bond yield jumped to 4.21%, marking the highest since 2008; Italy's 10-year government bond yield also touched 4.22%, the highest since 2023. Analysts believe that the conflict in the Middle East has pushed up global energy costs and intensified inflationary pressures. Meanwhile, tech giants issuing large amounts of debt and concerns about the fiscal conditions of certain countries have further driven up government bond yields. (CCTV News)