German 10-Year Bund Yield Hits 15-Year High of 3.290%

Germany's 10-year Bund yield hit 3.290% on August 31, per LSEG data — the highest since 2011. The bond-market selloff, fueled by record German debt issuance and oil-driven inflation from the US-Iran war, is lifting borrowing costs across the euro zone. Higher sovereign yields raise interest rates on mortgages and loans throughout Europe.