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Germany's 10-Year Yield Rises 3.3 Basis Points to 3.105% on July 15 Amid Oil Price Rally

GateNews
Commodities
According to Tradeweb data, Germany's 10-year government bond yield rose 3.3 basis points to 3.105% on July 15, as eurozone sovereign debt yields climbed following U.S. Treasury movements. The increase was primarily driven by elevated oil prices stemming from Middle East military tensions. Belgian bank analysts noted the move also reflected Federal Reserve Chair Powell's recent congressional testimony reaffirming the Fed's commitment to price stability, though U.S. inflation data released Tuesday came in below market expectations, pulling both American and European 10-year yields away from eight-week highs.
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