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πŸ‡ͺπŸ‡Ί Bund yields hit 2009 levels as Lagarde warns the energy shock is here to stay

πŸ‡ͺπŸ‡Ί Bund yields hit 2009 levels as Lagarde warns the energy shock is here to stay

German 10-year yields climbed to about 3.53%, a level last seen in 2009, after the ECB raised its deposit rate to 2.50% and Governing Council members floated further tightening amid a worsening energy-driven inflation outlook.

TV screen with Germany 2-year yield intraday chart and Christine Lagarde at a podium, labeled ECB president.
Christine Lagarde kept last week’s hawkish ECB message alive, telling Ouest-France the Middle East energy shock is longer-lasting and will keep inflation well above 2%. Source

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