EU Bonds Face Test From Proposed Extra Borrowing for Ukraine

Investors in the European Union’s joint debt face the risk of greater supply in coming years as officials in Brussels seek to increase borrowing to provide funding to Ukraine.

Yields on EU 30-year bonds rose nine basis points to 4.14% on Friday, the biggest jump among euro-area issuers, after the bloc’s leaders agreed to loan Ukraine €90 billion ($105 billion) for the next two years.