‘All bets are off’: European borrowing costs hit 15-year highs as investors brace for rate hikes

TL;DR

European stocks slide as Iran war jitters persist despite Trump extension European Gas Prices on Track for Weekly Loss as Markets Track Middle East Talks European shares fell amid uncertainty over Mideast war JPM sees ‘significant upside’ in European defense stocks, flags its top pick European government bonds continued to sell off on Friday, building on a rout that has seen multiple countries' borrowing costs hit multi-decade highs in recent weeks. Thursday saw the yield on Germany's 10-year bund — a benchmark for the euro zone — surge to the highest level since mid-2011 at the height of the euro crisis. On Friday morning, the 10-year bund added a further 6 basis points to trade at 3.1228%, holding above that 15-year high.