ECB rate hike implemented, European bonds reach multi-year highs, euro dips slightly

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智通财经2026/09/10 12:41

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Eurozone bond yields hit multi-year highs on Thursday, rising slightly after the European Central Bank raised rates as expected and stated that risks remain skewed towards higher inflation.
The European Central Bank increased the interest rate from 2.25% to 2.50%, seeking to ensure that the surge in energy prices triggered by the US-Iran conflict does not spill over into the eurozone economy.
Germany’s 10-year government bond yield, the eurozone benchmark, recently rose about 2 basis points to around 3.46%, its highest since 2011. The increase in oil prices is exerting upward pressure on borrowing costs.
The 2-year yield, which is more sensitive to interest rate expectations, inched up, recently rising around 2 basis points to about 3.07%, as traders slightly increased their bets on further rate hikes within the next 6 months.
Meanwhile, the euro edged down roughly 0.2% to around $1.161, while the STOXX 600 index from continental Europe fell slightly by about 0.4%.
The European Central Bank raised its economic growth forecast for 2026 from 0.8% in June to 0.9%, and now expects average inflation for this year to be 3%.
Attention remains on the wording of President Lagarde’s press conference, oil price trends, and eurozone inflation and growth data. These factors will determine whether eurozone bond yields can continue to rise and the short-term direction of the euro.

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ECB rate hike implemented, European bonds reach multi-year highs, euro dips slightly

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