Euro zone bond yields leap as ECB lays out rate hiking path – Reuters.com

A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert

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  • Peripheral bond yields up 12 to 24 bps
  • Euro weakens in volatile trading
  • Money markets ramp up rate hike bets

LONDON/MILAN, June 9 (Reuters) – Bond yields across southern Europe jumped on Thursday after the European Central Bank signalled a string of interest rate hikes starting in July to tame record-high inflation.

European stocks fell on confirmation that the ECB would end its Asset Purchase Programme, its main stimulus tool since the euro zone debt crisis.

Policymakers also flagged a 25 bps move in July and said they may move …….

Source: https://www.reuters.com/markets/europe/euro-zone-bond-yields-euro-rise-after-ecb-confirms-rate-hike-plans-2022-06-09/

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