European debt extended in 5-week decline on rate hikes and surging oil prices

Euro zone government bond yields held near historic peaks on Friday, with the benchmark German 10-year yield on track to cap its worst weekly performance since March as markets digested the fallout from Thursday’s European Central Bank interest rate hike. The sell-off across European debt bourses marks the fifth consecutive week of rising yields as […]

European Central Bank set to hike interest rates in September amid inflation, energy risks

The European Central Bank (ECB) is expected to raise the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points (bps) to 2.65% and 2.50%, respectively. The ECB will announce the decision on Thursday at 12:15 GMT. Unlike in July, the interest rate decision will be accompanied by the central […]