Euro zone bond yields hold near multi-month lows ...Middle East

Borrowing costs across the euro area were a touch lower on Wednesday, holding near the multi-month lows hit the previous day, with sentiment towards fixed-income markets holding firm in the face of global growth concerns. Long-dated sovereign bond yields in the United States and Europe have fallen 7-10 basis points this week as a surge in COVID-19 variants adds to a sense that economic growth has now peaked and that any pick-up in inflation will prove transitory.

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