By Harry Robertson
LONDON, Oct 17 (Reuters) – Euro zone bond yields picked up on Tuesday as investors moved out of safe-haven assets and the focus returned to growth, inflation and central bank policy.
Germany’s 10-year bond yield was last up 2 basis points (bps) at 2.803%, after rising 5 bps on Monday. Yields rise as bond prices fall, and vice versa.
Italian bond prices fell more sharply, with the yield on the country’s 10-year bond up 6 bps at 4.82%.
“Yields are rising in general because U.S. yields are rising and they have been rising for the last couple of days. That’s pulling us along,” said Peter Schaffrik, head of interest rate strategy at RBC Capital Markets.
U.S. and European bond yields hit their highest levels in more than a decade at the start of October, as central bankers stressed they will hold interest rates at high levels until inflation is conquered, before falling as…
