German 10-Year Bund Yield Reaches 3.290% — Highest Since 2011

Germany's 10-year Bund yield hit 3.290% on August 31, per LSEG data — the highest since 2011. Record German debt issuance and oil-driven inflation from the US-Iran war are fueling the bond selloff. As sovereign yields climb, they push up mortgage and loan rates across the euro zone.