German 10-year bond yield hits 12-year high as prices slump ...Middle East

Longer-dated euro zone bond yields rose on Monday - with Germany's 10-year yield hitting its highest since 2011 - as investors continued to adjust to the new "higher-for-longer" interest rate stance of the world's biggest central banks. Germany's 10-year government bond yield was last up 6 basis points (bps) at 2.79% after reaching its highest level since July 2011 at 2.811%.

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