German 2-Year Yield Reaches 12-Month High on ECB Rate-Rise Bets
This article is for subscribers only.
German two-year government note yields jumped to the highest in more than a year this week on speculation the European Central Bank may act to stem inflation.
ECB President Jean-Claude Trichet said on Jan. 26 that policy makers will do “what is necessary” to keep inflation in check. German consumer-price growth accelerated to the highest level since October 2008. Irish bonds slid before a vote on the budget tomorrow. The debut auction of the European Financial Stability Facility drew bids for almost nine times the securities on offer.