Amman, Aug. 18 (Petra) — Long-term bond yields in Europe’s biggest
economies rose to their highest levels in years, while the yield on
30-year U.S. Treasuries climbed to its highest level in nearly two
decades.

According to Euronews, the sell-off came as oil prices rose amid
fading hopes for a swift resolution to the conflict between the
United States and Iran and renewed concerns over persistent
inflation. International benchmark Brent crude was trading near $91 a
barrel on Tuesday morning.

The yield on 30-year U.S. Treasuries reached 5.33%, a level not seen
since 2007. In Britain, 30-year government bonds traded at 5.85%,
their highest level since May 2026.

As government bonds came under renewed selling pressure globally, the
yield on 10-year French government bonds rose to 4.1%, its highest
level since July 2009.

The yield on 10-year German government bonds, the benchmark for the
euro zone, climbed above 3.25%, reaching its highest level since
March 2011.

Richard Carter, head of fixed income research at Quilter Cheviot,
said the stalled U.S.-Iran peace talks had increased the likelihood
that energy prices would remain elevated through the end of the year,
potentially keeping inflation above expectations and increasing the
chances that central banks would raise interest rates.

//Petra// AF