The yield on 10-year German government bonds rose to its highest level in nearly two and a half years.

According to data from the London Stock Exchange Group, the yield on 10-year German government bonds soared to 2.963% in early trading after Brent crude oil prices rose above $100 per barrel again. This is the highest level since October 2023. The geopolitical situation in the Middle East remains a key driver of the market, with the actual closure of the Strait of Hormuz. Jefferies' Mohit Kumar said in a report, "Any hopes of a quick end to the war seem to be fading." The global economist said that Iran has escalated attacks on Gulf countries and oil tankers, and is trying to inflict maximum pain on the United States through oil prices. He added that the release of strategic reserves has not had a significant impact on the market. The yield on 10-year German government bonds has risen by 2 basis points to 2.951%.