德拉吉

Benchmark yields spike as Draghi warns of era of higher volatility

Mario Draghi fuelled a sharp sell-off in eurozone bonds yesterday, after the European Central Bank president said debt markets had to “get used” to volatility in an era of ultra-low interest rates.

Yields on benchmark eurozone sovereign debt, which move inversely to prices, spiked to their highest level so far this year.

The yield on German 10-year bonds — Bunds — hit 0.897 per cent, its highest since October last year. It has risen

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