Markets

German Bund yield hits fresh 4-1/2 month high

Published October 5, 2018 Updated October 5, 2018 01:45pm

The combination of solid US economic data and hawkish comments from US Federal Reserve officials this week have sparked a sharp selloff in US Treasuries that has spilled over into Europe and beyond.

Germany's 10-year bond yield rose to 0.559 percent , its highest since May.

Other euro zone 10-year bond yields were 1-2 basis points higher, with investors on edge before US jobs data later in the day.

Copyright Reuters, 2018