Euro-area government bond yields opened higher Wednesday, tracking U.S. Treasuries. The rise was driven mainly by higher oil prices after military strikes in the Middle East, though U.S. 10-year yields eased off eight-week highs after Tuesday's U.S. inf data undershot expectations. Analysts at a Belgian bank said the move also reflected Fed Chair KEVIN WARSH reiterating a commitment to price stability in congressional testimony. According to Tradeweb, the 10-year German Bund yield rose 3.3 bps t

Euro-area government bond yields opened higher Wednesday, tracking U.S. Treasuries. The rise was driven mainly by higher oil prices after military strikes in the Middle East, though U.S. 10-year yields eased off eight-week highs after Tuesday's U.S. inf data undershot expectations. Analysts at a Belgian bank said the move also reflected Fed Chair KEVIN WARSH reiterating a commitment to price stability in congressional testimony. According to Tradeweb, the 10-year German Bund yield rose 3.3 bps to 3.105%.