Euro zone government bond yields rose on Tuesday as investors focused on U.S. inflation data while also waiting for a European Central Bank policy meeting due later this week.
The benchmark 10-year U.S. Treasury yield rose 2 basis points (bps) in London trade after hitting its highest level in more than three years ahead of data that may provide further clues about how hawkish the Federal Reserve will need to be on its policy path.
Thursday's ECB meeting could mark another tense moment for policymakers caught between record high inflation and the economic hit from the war in Ukraine.
Germany's
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