ECB board member Isabel Schnabel called energy prices "quite concerning" as Germany's investor sentiment survey split: current conditions jumped to −47.1, beating forecasts, the forward-looking gauge fell, and 10-year German bond yields climbed near 3.55%, the highest in over a decade.
Isabel Schnabel kept a hawkish lean after last week's 25bp ECB hike, calling diesel and gas moves as concerning as crude while leaving open whether 2.50% on the deposit facility is enough. Source
