Global Market: Eurozone bond yields hold near multi-year highs as markets await ECB decision

Eurozone bond yields remained near multi-year highs as investors assessed rising energy costs, German political uncertainty and Japan’s market volatility ahead of Thursday’s ECB meeting. Germany’s 10-year yield hovered around 3.38%, near a 15-year peak. Higher oil and gas prices could fuel inflation, complicating expectations for the ECB’s future policy path.