Eurozone Government Bond Yields Surge on May 12, German Bunds Rally 10.1 Basis Points in Four Days

On Tuesday (May 12), German 10-year Bund yields rose to 3.101%, up 6.1 basis points for the day, extending a four-day rally with cumulative gains of 10.1 basis points. Two-year German yields climbed to 2.713%, rising 6.6 basis points, while 30-year yields advanced 4.8 basis points to 3.623%.

Across the eurozone, bond yields broadly increased. French 10-year yields rose 7.9 basis points, Italian 10-year yields jumped 9.3 basis points, Spanish 10-year yields climbed 7.5 basis points, and Greek 10-year yields gained 8.6 basis points.