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2026-05-26 16:09:36
[Middle East Conflict Pushes Up Oil Prices, German Bond Yields Rebound to 2.97%] ⑴ The yield on German 10-year government bonds rose to 2.97%, rebounding from a six-week low hit on Monday, as renewed conflict in the Middle East dampened market sentiment and pushed up Brent crude oil prices. ⑵ Regarding monetary policy, European Central Bank official Isabel Schnabel stated that even if a peace agreement is reached, the central bank should raise interest rates in June, citing the scale and persistence of the energy shock. ⑶ The money market currently expects a 90% probability of a rate hike in June, anticipating a tightening of approximately 60 basis points by the end of the year, implying at least two 25-basis-point rate hikes.
