German 10-year bond yield hits highest since 2011

LONDON, March 20 (Reuters) - German 10-year government bond yields hit their highest since the middle of the euro zone crisis in 2011 on Friday, as the U.S.-Iran war roiled energy markets and pushed investors to brace for a new inflationary shock in Europe.

The European Central Bank on Thursday held interest rates, but signalled it was closely watching surging energy prices driven by the U.S.-Israeli war on Iran.
The 10-year yield DE10YT=RR, a benchmark for European government borrowing costs, hit a high of 3.025% and was last up 7 basis points (bps) on the day. Yields rise as prices fall and vice versa.