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Germany's 10-year government bond yield, the benchmark for the euro zone, was last up slightly at 3.6303%, around its highest level since June 2009. The yield recorded its seventh consecutive weekly increase last week and was on track for a rise of more than 30 basis points in September. Also Read | Global Market: Japan’s Nikkei slips after early gains as Nasdaq futures weaken Oil prices rose again after uncertainty over efforts to resolve the U.S.-Iran conflict and reopen the Strait of Hormuz persisted. U.S. President Donald Trump rejected an Iranian proposal over the weekend aimed at reopening the strategic waterway and ending the fighting, according to Reuters. Brent crude futures were last around 2% higher at $106.46 a barrel. Higher energy prices, together with expectations of tighter monetary policy, have weighed on government bonds globally in recent months. The European Central Bank has already raised interest rates twice this year to combat inflation, while money markets were pricing in at least one further increase by year-end. Investors are now turning their attention to flash inflation data due later this week. Recent economic indicators have pointed to stronger-than-expected resilience in the euro zone, potentially making inflation data more important for determining the path of interest rates. Also Read | Global Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concern Euro zone inflation is expected to accelerate to 3.6% in September from 3.2% in August, according to a Reuters poll. The anticipated increase is largely linked to higher energy prices, although investors and policymakers will also closely monitor services and food inflation for signs that broader second-round price pressures are emerging. Germany's more rate-sensitive two-year government bond yield was last up 2.7 basis points at 3.3134%. It also posted a seventh straight weekly increase last week and was heading for a monthly rise of more than 39 basis points, which would be its biggest monthly increase since March, shortly after the Iran war began at the end of February. The moves underline the renewed pressure on euro zone bond markets as investors assess the combined impact of higher energy costs, persistent inflation risks and the prospect of further interest-rate increases. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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